Sentences with phrase «arbitral institution require»

Most arbitral institution require the consent of the third party to join the existing proceedings.

Not exact matches

Even if arbitration is preferred over litigation (which is more likely in cross-border transactions), Chinese parties may require the dispute to be seated in China and administered by an established Chinese arbitral institution, such as the China International Economic & Trade Arbitration Commission (CIETAC) in Beijing or Hong Kong (CIETAC - HK), or by one of the newer institutions established to specifically handle OBOR disputes, such as the Wuhan Arbitration Commission's OBOR Arbitration Court.

It is wrong to consider that the arbitral culture, drawing upon the very best practices of good commercial courts, does not empower the arbitrator, the tribunal and the institution to require efficient and fair process based on cooperation in good faith of parties.