Arbitration International Arbitration Practices

Question 1

Which international arbitration institution administers the largest volume of international commercial arbitration cases globally?

Accepted Answer

ICC

Answer

LCIA

Answer

SIAC

Answer

AAA-ICDR

Question 2

What is the 'seat' of arbitration and why is it significant?

Accepted Answer

The legal domicile of the arbitration that determines applicable procedural law and supervisory courts

Answer

The physical location of all hearings

Answer

The nationality of the arbitrators

Answer

The language in which the award must be written

Question 3

What does 'lex arbitri' refer to in international arbitration?

Accepted Answer

The procedural law of the seat of arbitration

Answer

The substantive law governing the merits of the dispute

Answer

The law of the arbitral institution's home country

Answer

The parties' chosen governing law

Question 4

Under the UNCITRAL Model Law, what is the standard for determining arbitrability of a dispute?

Accepted Answer

Whether the subject matter is capable of settlement by arbitration under applicable law

Answer

Whether the dispute involves a government entity

Answer

Whether the contract value exceeds $1 million

Answer

Whether both parties are domiciled in Model Law jurisdictions

Question 5

What is 'kompetenz-kompetenz' in international arbitration?

Accepted Answer

The tribunal's authority to rule on its own jurisdiction

Answer

The arbitrator's expertise in technical matters

Answer

The competence standard for arbitrator selection

Answer

The ICC's power to appoint arbitrators

Question 6

Which US institution specifically handles international commercial disputes as a division of the AAA?

Accepted Answer

AAA-ICDR (International Centre for Dispute Resolution)

Answer

JAMS International

Answer

CPR International

Answer

FINRA International