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Arbitration weekly: UKSC on governing law vs seat and forum; AA 1996 bonds; India, Singapore, USA, UAE updates; institutional news; new guidance and alerts (26 September 2024)

Published on: 26 September 2024

Published by a LexisNexis Arbitration expert
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In this issue:

  • Arbitration in England & Wales
  • Arbitration under the AA 1996 Act
  • International Arbitration
  • Institutional and ad hoc arbitration
  • Other arbitration and ADR-related news and developments
  • Daily and weekly news alerts
  • New and updated content

Arbitration in England & Wales

England and Wales—Supreme Court rules on arbitration seat jurisdiction issues

The Supreme Court has issued a unanimous judgment in UniCredit Bank GmbH v Ruschemalliance Llc [2024] UKSC 30. The appeal tested the Court of Appeal’s position on jurisdiction, addressing which law governs the arbitration agreements and where the claim should properly be brought. The Court concluded that English law applies to the arbitration agreements, even though a different country was chosen as the seat. It also found England and Wales to be the appropriate forum because UniCredit could not secure an effective remedy in the French courts or from an arbitral tribunal. Commentary is provided by Paul Key KC (Essex Court Chambers), Jennifer Haywood (Serle Court Chambers), and Matthew Weiniger KC and Karris Graham-Moore (Linklaters). See: LNB News 19/09/2024 8...

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