Suchergebnisse

As part of this article, we will examine the question of the fact that the states should adapt their Arbitration laws to adapt arbitrates in artificial intellect or complete autonomous arbitrations. We also study the dynamics of regulation and regulation competition. Although countries are formal free in principle not to accept or not accept their unique arbitration legislation, they may be pressured in a particular direction by market forces. The states competed for arbitration business, and such competition can encourage them to renew and modernize Arbitration laws, which makes them more comfortable for technology and AI.Countries independently cannot change the New York Convention. Nevertheless, they can decide whether semi-empty or without modification or without changes or copy arbitration of another state or develop a new arbitral charter from zero.

Due to the increase in the number of cross-border disputes in arbitration in recent years, the process of ADR and ODR has become international. International commercial arbitration has become a system of private transnational dispute resolution, consisting of multilateral conventions, bilateral agreements, national arbitration rules and principles and rules for resolving private informal disputes. In the 1920s, new legislation regulating international commercial arbitration emerged, and in 1958, the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, known as the New York Convention, was adopted. This was followed by the United Nations Commission on International Trade Law of 1976 on Arbitration Rules and the United Nations Commission on International Trade Law on International Commercial Arbitration of 1985 on International Trade Arbitration. The arbitration process was harmonized on the basis of the Model Law.