3 Hrs
Source:
الشرق
Drafting Key to Awards
Experts at the Sixth World Conference on International Arbitration stressed that carefully drafting the arbitration agreement and specifying the applicable law at the outset of a contract are essential to ensuring a sound process. They cautioned against relying on ready-made templates or AI tools without legal review. They also emphasized that completing the details in a request for arbitration—including the respondent’s address, the seat and language of arbitration, and the amount claimed—can help reduce delays and costs. The grounds for setting aside arbitral awards, they noted, are similar to those for refusing their recognition or enforcement. The experts also discussed updating legal frameworks for the recognition and enforcement of electronic arbitral awards to keep pace with the digital transformation.
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