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Welcome to the 17th edition of the Baker McKenzie International Arbitration Yearbook. We are pleased to bring you our analysis of notable developments in international arbitration over the past year from over 40 jurisdictions worldwide. As with the editions before it, the 2023-2024 Yearbook covers important legislative and case law updates from each jurisdiction. This includes: New arbitral rules from many institutions including the SCC (Stockholm), CAM (Milan), CIAM (Madrid), SCCA (Saudi Arabia), CIETAC (China),…

On 18 February 2022, the French-speaking Brussels Court of First Instance set aside an award (“Award”) issued by an investment arbitration tribunal (the “Tribunal”) that held that the Republic of Poland (“Poland”) had denied the investor justice. I. Factual Background of the Investment Dispute[1] During the 2000s, a privately owned Polish real estate developer (the “Developer”) started multiple projects in Krakow, Poland. These included the construction of residential apartment blocks in two estates: Kijowska Estate…

After the invasion of Crimea and Donbas in 2014, several countries imposed economic sanctions on the Russian Federation and on Russian companies. The sanctions have been tightened after Russia’s invasion of Ukraine. An end to the sanctions and to a possible further tightening is not in sight. The sanctions had and continue to have a significant impact on international arbitration: a counsel may no longer be able to represent Russian parties, the appointment of arbitrators…

We are pleased to announce that the latest edition of the Baker McKenzie International Arbitration Yearbook is now available. This new edition reviews important developments in arbitration over the past year across 47 jurisdictions, including: The effects of COVID-19 on international arbitration;New arbitral rules from major institutions such as the LCIA and ICC;The increasing use of artificial intelligence and technology in arbitration; andthe ongoing uncertainty around the future of intra-EU BITs following the European Court of…