The Third Circuit’s November remand of an order dismissing a petition to confirm an international arbitration award in Jiangsu Beier Decoration Materials Co., Ltd. v. Angle World LLC, 52 F. 4th 554 (3rd Cir. 2022), provides key lessons in the complexity of international arbitration.
Arbitrating a transnational commercial dispute subject to the New York Convention often is preferred to litigating in the domestic courts of one party or the other. Not only do such arbitrations have the possibility of avoiding the expense and delay of some court systems (including from U.S.-style discovery), but also international tribunals (whether sited in a party’s home city or in a “neutral” country) are thought less likely to impose local prejudice or political considerations on the process.
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