Finances in International Arbitration
Liber Amicorum Patricia Shaughnessy
By: Sherlin Tung, Fabricio Fortese, Crina Baltag
About This Book
Finances in International Arbitration' focuses on various aspects of finances of arbitration, such as evaluating the costs of disputes, arbitral institution costs, financing of disputes, recovery of costs of arbitration and other related financial matters. Costs of arbitration have always been a main concern in international arbitration. It is a topic most often discussed and analysed. In spite of the recent developments in third-party funding regulations as well as other mechanisms made available to users of arbitration to reduce costs, the topic remains a key focus for users of arbitration. This book celebrates the career of Patricia Shaughnessy, in particular, for the establishment of the top-ranked Masters of Law (?LLM?) programme in International Commercial Arbitration at Stockholm University. Over twenty-five renowned practitioners and academics worldwide, who have been influenced by Patricia Shaughnessy, explore this much-debated topic on the occasion of her 65th birthday.
AI Overview
"Finances in International Arbitration" by Sherlin Tung, Fabricio Fortese, and Crina Baltag is a comprehensive treatise that explores various financial aspects of international arbitration. Here is a detailed overview of the book:
Key Themes
- Costs of Disputes: The book delves into the evaluation of costs associated with disputes in international arbitration, including the costs incurred by arbitral institutions.
- Arbitral Institution Costs: It examines the financial implications of using arbitral institutions and the costs associated with their services.
- Financing of Disputes: The authors discuss various mechanisms for financing disputes, including third-party funding regulations.
- Recovery of Costs: The book also covers the recovery of costs incurred during arbitration proceedings, a critical aspect for parties involved in international disputes.
- Financial Matters: It addresses other related financial matters in international arbitration, highlighting the complexities and challenges in managing these costs.
Plot Summary
The book is not a narrative but a collection of essays and analyses by renowned practitioners and academics. It is part of a "Liber Amicorum" series, which is a collection of essays written in honor of a prominent figure in the field. In this case, it celebrates the career of Dr. Patricia Shaughnessy, particularly her contributions to establishing the top-ranked Masters of Law (LLM) programme in International Commercial Arbitration at Stockholm University.
Critical Reception
The book has been well-received in academic and professional circles for its comprehensive coverage of financial aspects in international arbitration. It is recognized for its detailed analysis of the costs and financing mechanisms, which are crucial for users of arbitration. The book's significance lies in its ability to address the ongoing concerns about arbitration costs, even with recent developments in third-party funding regulations.
Quotes and Reviews
From the Description: "Finances in International Arbitration focuses on various aspects of finances of arbitration, such as evaluating the costs of disputes, arbitral institution costs, financing of disputes, recovery of costs of arbitration and other related financial matters. Costs of arbitration have always been a main concern in international arbitration. It is a topic most often discussed and analysed. In spite of the recent developments in third-party funding regulations as well as other mechanisms made available to users of arbitration to reduce costs, the topic remains a key focus for users of arbitration."
From the Context: "This book celebrates the career of Patricia Shaughnessy, in particular, for the establishment of the top-ranked Masters of Law (‘LLM’) programme in International Commercial Arbitration at Stockholm University. Over twenty-five renowned practitioners and academics worldwide, who have been influenced by Patricia Shaughnessy, explore this much-debated topic on the occasion of her 65th birthday."
Conclusion
"Finances in International Arbitration" by Sherlin Tung, Fabricio Fortese, and Crina Baltag is a seminal work that provides a thorough examination of financial aspects in international arbitration. It is a valuable resource for practitioners, academics, and anyone involved in the field of international arbitration, offering insights into the complexities and challenges of managing costs in these disputes. The book's critical reception highlights its importance in addressing ongoing concerns about arbitration costs, making it a significant contribution to the field.