Arbitrators at XXIV Old Buildings have substantial international arbitration practices that span the globe. They have been involved in many leading cases concerning arbitration and are skilled in applying the law of other countries.
The barristers at XXIV Old Buildings are recommended in international directories as arbitration lawyers. That experience encompasses not only arbitrations by ad hoc submission but also those under the arbitration regimes of UNCITRAL, ICC, LCIA, CCIG, Zurich, IAR, GAFTA, AAA, City Dispute Panel, DIAC, CIETAC, IATA, SCC, UN Energy Charter Treaty and FOSFA.
XXIV Old Buildings can provide barristers to act as arbitrators, tribunal secretaries or to give expert evidence where ad hoc or institutional arbitrations are, whether in London or abroad, such as in the other major arbitration centres of Geneva, Dubai, Abu Dhabi, Hong Kong, Singapore and Kuala Lumpa. Chambers’ Geneva office is a particular focus for Swiss and European arbitration and for French-speaking clients.
Arbitration is a private, consensual dispute resolution mechanism, the cornerstone of which is party autonomy. Amongst other things, the parties are free to agree on the choice of disputes to be arbitrated; the arbitrators; the place of arbitration and the law applicable to the substance of the dispute.
Arbitrations are either ad hoc or institutional. In an ad hoc arbitration, the parties agree to arbitration without reference to an institution providing the service of administering the arbitration. In an institutional arbitration, the parties make their dispute subject to the rules of an institution such as the ICC, LCIA or SCC.
Arbitral agreements can be made legally binding by way of court consent order, once this happens the order is able to be enforced by the courts if not adhered to.
The arbitral process will depend on the complexity of the dispute.
The personal qualities and legal experience of an arbitrator are a factor in arbitration disputes. Our clerks are experienced in suggesting suitable arbitrators based upon the factors of the case.
All parties in the dispute can suggest arbitrators, however if an agreement is not reached independent bodies are able to appoint an arbitrator.
The cost of arbitration will vary from case to case. Every arbitrator has their own terms relating to fees and expenses. At XXIV Old Buildings, the fee is usually based on an agreed hourly rate which the clerks are able to discuss with the parties in advance.
The arbitral tribunal may determine the recoverable costs of the arbitration on such basis as it thinks fit and unless the tribunal or court determines otherwise, the recoverable costs shall be determined on the basis of reasonableness.
For more information on our members’ expertise or to discuss a particular matter, please contact us.