When going for Investment Arbitration, it is important to consider many things. Some of the important things are given below:

1. Cost

The parties must cover the expenses of the arbitral tribunal, the arbitration institution, the experts’ fees, as well as the legal fees of the counsels. Statically, average claimant costs were USD 4,437,000 and average respondent costs were USD 4,559,000, while average tribunal costs were USD 746,000. Some specialized arbitration law firms, called “boutiques,” provide outstanding legal services at reasonable legal fees , which can reduce this cost greatly.

2. Duration

From the Request for Arbitration through the final Award, the average Investment Arbitration takes slightly over three years.

3. Difference between Institutional Arbitration and Ad HocArbitration

The investment arbitration agreement may provide for an ad hoc arbitration (the absence of an arbitration institution that administrates the proceedings). Frequently, such ad hoc arbitrations are governed by the UNCITRAL Arbitration Rules. It is said that UNCITRAL ad hoc arbitrations are less expensive than ICSID proceedings, although this is frequently not true.

The renowned arbitration institution administrating investment arbitrations includes International Centre for Settlement of Investment Disputes (ICSID), Stockholm Chamber of Commerce (SCC), the Permanent Court for Arbitration (PCA) and the International Chamber of Commerce (ICC).

4. Arbitration Lawyers

The most experienced and prominent international law firms specialized in investment arbitration are based in New York, Geneva, Paris, London, and Washington. The technicality of international investment arbitration requires the intervention of specialized international arbitration lawyers with significant experience in this field.

Many international arbitration law firms such as Aceris Law has experience in over a dozen investment arbitrations and is one such renowned boutique. They provide a variety of online tools to find international arbitrators who are the best fit for a given case and provide advice on how to select them.

If you want to learn more about arbitration, get in touch with Aceris Law’s France Arbitration Lawyers Desk. They are a dedicated team of lawyers at Aceris Law, which accompanies clients involved in arbitrations concerning France, i.e., where French law applies, a contract is executed in France, the dispute is brought by or against a party in France, or the French State or a French State entity is involved. After all, Aceris Law’s avocat arbitrage (arbitration lawyers in French) has access to all French jurisprudence and doctrine, while speaking French and English, which are languages commonly used in disputes concerning France.

For more information, visit https://www.acerislaw.com.