The criterion of ‘direct economic interest’ also allows for considering the relationship between a party and a third-party funder in the light of the influence the third-party funder may or may not have on the appointment of the arbitrator. [...] This change has been accompanied by the deletion of the 2014 version of Waivable Red List, paragraph 2.3.7, which referred to the situation in which the arbitrator regularly advises one of the parties, or an affiliate of one of the parties, but neither the arbitrator nor the arbitrator’s firm derives a significant financial income therefrom. [...] These situations are different from the one in which the arbitrator’s law firm or employer is currently rendering or regularly renders services to one of the parties, or to an affiliate of one of the parties, without creating a significant commercial relationship for the law firm or employer and without the involvement of the arbitrator, and such services do not concern the current dispute (Orange. [...] The second example deals with the situation in which the arbitrator is a lawyer in the same law firm as the counsel to one of the parties. [...] On the other hand, the new provision narrows down the scope of application of the former paragraph 3.5.3 in the 2014 Guidelines in two ways: the first is that it no longer refers to ‘a position’ that the arbitrator holds with the appointing authority with respect to the dispute, but limits its application to cases where the arbitrator holds ‘an executive or other decision-making position’.
Authors
- Pages
- 26
- Published in
- United Kingdom
Table of Contents
- IBA Arbitration Committee Subcommittee on Rules Guidelines 1
- Introduction 1
- General Standard 1 General Principle 4
- General Standard 1 4
- General Standard 2 Conflicts of Interest 4
- General Standard 2 4
- General Standard 2a 5
- General Standard 2b 5
- General Standards 2c and 2d 5
- Explanation 5
- General Standard 3 Disclosure by the Arbitrator 6
- General Standard 3 6
- General Standard 3a 6
- General Standard 3b 6
- General Standard 3c 6
- General Standard 3d 6
- General Standard 3e 6
- General Standard 3f 6
- General Standard 3g 6
- Explanations 8
- General Standard 4 Waiver by the Parties 8
- General Standard 4a 8
- General Standard 4b 9
- General Standard 4c 9
- General Standard 4d 9
- General Standard 5 Scope 9
- General Standard 5 9
- General Standard 5a 9
- General Standard 5b 9
- General Standard 6 Relationships 10
- General Standard 6 10
- General Standard 6a 10
- General Standard 6b 10
- General Standard 6c 11
- General Standard 7 Duty of the parties and the arbitrator 11
- General Standard 7 11
- General Standard 7a 11
- General Standard 7b 12
- General Standard 7c 13
- General Standard 7d 13
- The Application Lists 13
- The Non-Waivable Red List 13
- Non-Waivable Red List paragraph 1.1 14
- Non-Waivable Red List paragraph 1.2 14
- Non-Waivable Red List paragraph 1.3 15
- Non-Waivable Red List paragraph 1.4 15
- The Waivable Red List 16
- Waivable Red List paragraph 2.1 16
- Waivable Red List paragraph 2.2 17
- Waivable Red List paragraph 2.2.1 17
- Waivable Red List paragraph 2.2.2 17
- Waivable Red List paragraph 2.2.3 17
- Waivable Red List paragraph 2.3 17
- Waivable Red List paragraph 2.3.1 17
- Waivable Red List paragraphs 2.3.2 and 2.3.3 18
- Waivable Red List paragraph 2.3.4 18
- Waivable Red List paragraphs 2.3.5 and 2.3.6 18
- Waivable Red List paragraphs 2.3.7 and 2.3.8 18
- The Orange List 18
- Orange List paragraph 3.1 19
- Orange List paragraph 3.1.1 19
- Orange List paragraph 3.1.2 19
- Orange List paragraph 3.1.3 19
- Orange List paragraph 3.1.4 20
- Orange List paragraph 3.1.5 20
- Orange List paragraph 3.1.6 20
- Orange List paragraph 3.1.7 20
- Orange List paragraph 3.1.8 21
- Orange List paragraph 3.2 21
- Orange List paragraph 3.2.1 21
- Orange List paragraph 3.2.2 21
- Orange List paragraph 3.2.3 21
- Orange List paragraph 3.2.4 21
- Orange List paragraph 3.2.5 21
- Orange List paragraph 3.2.6 21
- Orange List paragraph 3.2.7 22
- Orange List paragraph 3.2.8 22
- Orange List paragraph 3.2.9 22
- Orange List paragraph 3.2.10 22
- Orange List paragraph 3.2.11 23
- Orange List paragraphs 3.2.12 and 3.2.13 23
- Orange List paragraph 3.3 23
- Orange List paragraph 3.3.1 23
- Orange List paragraph 3.3.2 23
- Orange List paragraph 3.3.3 23
- Orange List paragraph 3.3.4 23
- Orange List paragraph 3.3.5 24
- Orange List paragraph 3.3.6 24
- Orange List paragraph 3.4 24
- Orange List paragraph 3.4.1 24
- Orange List paragraph 3.4.2 24
- Orange List paragraph 3.4.3 24
- Orange List paragraph 3.4.4 25
- The Green List 25
- Green List paragraph 4.1 25
- Green List paragraph 4.2.1 25
- Green List paragraph 4.3 25
- Green List paragraphs 4.5 and 4.5.1 25
