Stock photo. Alternative Dispute Resolution
In this Special Report: "AI Issues in International Disputes Are Here To Stay," "Understanding the BVI IAC Arbitration Clause and Enforcement of BVI Awards Under the New York Convention," "Eight Reasons To Arbitrate Commercial Cross-Border Life Sciences Disputes," "Isn't It Time To Consider Mediating COVID-19 Business Interruption Insurance Claims?" and "A Proposal for Private Judging in New York."
March 15, 2021 at 12:55 PM
2 minute read
The use of AI, and the data collection and analysis on which it frequently relies, may give rise to commercial disputes or even disputes under international law subject to international arbitration. This article discusses several examples in which AI technology can play a central role.
The BVI IAC, a new player in the increasingly competitive world of administration of international arbitration proceedings, competes on equal footing with the giants in the field, particularly regarding international disputes involving the Americas.
Mediation might help get some of these cases to satisfactory resolutions and, in other cases, may lead to a more focused litigation with narrower discovery and a related cost savings.
International arbitration offers numerous advantages over national court litigation for resolving most cross-border commercial life sciences disputes.
New York should take a cue from California and other states and amend the CPLR to allow for litigants to select "private judges" to decide civil disputes through final judgment at the trial court level.
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