Compliance with time limits in international investment disputes is crucial for several reasons:
In summary, strict observance of time limits is essential for the orderly and fair resolution of international investment disputes, ensuring that both parties have a clear, predictable, and efficient path to resolving their differences.
ok so The duration of arbitration, as well as its cost, is an important factor that claimants take into account when determining whether to initiate arbitration proceedings in the first place, and respondents take into account when determining whether the matter should be resolved through negotiations. The common benefits of arbitration are assumed to be shorter duration of arbitration proceedings when compared to litigation. Arbitration, at least in theory, is supposed to be a faster and more effective dispute resolution mechanism. This is, unfortunately, not always the case as the duration of the arbitration (ie, the time from the commencement of the arbitration until the submission of the final award) depends on a number of different factors and each particular case.
- Badges
- Science topic
- Similar topics
- Geoscience
- Asia
- India