Original scientific paper
On the option of a contractual extension of judicial review of arbitral awards or: what is actually pro-arbitration?
Tibor Varady
Abstract
The author analyses the arbitration policy, arguing that international commercial arbitration has become the dominant method of settling international trade disputes. International agreements brought international value of arbitral awards that is actually higher than the international value of court decisions. Furthermore, he stresses the most successful process of international harmonization of arbitration rules and statutes pertaining to arbitration world wide, in which process the UNCITRAL enactments have played a prominent role. The author also takes into consideration the contractual restriction of judicial review and the issue of extension of judicial control by party agreement, pointing out to the certain disorientation and difficulties that could emerge in that regard.
Keywords
abitration policy; UNCITRAL; harmonisation of arabitration rules and statutes; contractual restriction of judicial review; extension of judicial control by party agreement
Hrčak ID:
5118
URI
Publication date:
20.4.2006.
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