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Home / International Disputes

It pays to check: US$54 million error a “simple” mistake

It pays to check: US$54 million error a “simple” mistake

Apr 9, 2021 | Arbitration, International Disputes, NZIAC | 0 comments

By Maria Cole. We all make mistakes – it’s human nature. However, some mistakes have bigger consequences and a London Court of International Arbitration (LCIA) panel recently had a US$54 million howler!  When calculating the value of shares in assessing damages in a...
Third-party funding: has it finally come in from the cold?

Third-party funding: has it finally come in from the cold?

Mar 24, 2021 | Arbitration, International Disputes, NZIAC

By Maria Cole. Third-party funding, also known as litigation funding, is where a third-party, with no legal interest in the dispute, agrees to fund some or all the costs of a party to the dispute in return for a “a slice of the action”. Historically third-party...
Strange Bedfellows – COVID-19 and Environmental Sustainability

Strange Bedfellows – COVID-19 and Environmental Sustainability

Mar 17, 2021 | Arbitration, International Disputes, NZIAC

By Melissa Perkin. Arbitration users have become well-accustomed to remote hearings such as procedural hearings by telephone, or witness cross-examination being undertaken by video-link in recent years. The technology to conduct remote hearings in domestic and...
Modernised IBA Rules: what has changed in International Arbitration?

Modernised IBA Rules: what has changed in International Arbitration?

Mar 5, 2021 | Arbitration, International Disputes, NZIAC

By Melissa Lin and Belinda Green. The International Bar Association (IBA) published its revised Rules on the Taking of Evidence in International Arbitration (the Rules of Evidence) on 17 February 2021. The revised rules will apply to all arbitrations in which the...

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