ARBITRATION Study Guide 2026
Everything you need to pass the ARBITRATION exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 ARBITRATION Exam Format at a Glance
📚 ARBITRATION Topics to Study (31)
✍️ Sample ARBITRATION Questions & Answers
1. What is the IBA Guidelines on Conflicts of Interest in International Arbitration designed to address?
The IBA Guidelines provide a framework of disclosure obligations and standards for when an arbitrator should be disqualified due to conflicts of interest, using color-coded lists (Red, Orange, Green).
2. What is 'kompetenz-kompetenz' (competence-competence) in international arbitration?
Kompetenz-kompetenz is the principle that an arbitral tribunal has the power to determine its own jurisdiction, including the validity and scope of the arbitration agreement.
3. Under the UNCITRAL Model Law, what is the standard for determining arbitrability of a dispute?
The UNCITRAL Model Law makes arbitrability dependent on whether the subject matter can be settled by arbitration under the law of the seat.
4. In energy industry arbitration, what types of disputes are most commonly submitted to arbitration?
Energy arbitration commonly addresses joint venture disagreements, production sharing contract disputes, price reviews under gas supply agreements, and infrastructure access conflicts.
5. What is a key feature of the arbitration process?
A key feature of the arbitration process is its efficiency, cost-effectiveness, and privacy compared to traditional litigation. Arbitration proceedings are often streamlined, can be less expensive due to reduced discovery and formal procedures, and are conducted confidentially, keeping the details of the dispute out of the public record. This makes it an attractive alternative for many parties seeking dispute resolution.
6. What is a 'truncated tribunal' in arbitration?
A truncated tribunal arises when an arbitrator dies, resigns, or is removed, potentially allowing the remaining arbitrators to proceed under certain institutional rules after failing to replace.