international arbitration law assessment

Arbitration is commonly regarded as a preferred dispute resolution mechanism in international contracts. The purpose of the EBRD International Commercial Arbitration Assessment was to evaluate and compare the legal regimes of some of the Bank’s countries of operation with best international standards and practices. Because poorly drafted laws may undermine the advantages of arbitrating disputes, it is important to examine national laws and establish whether they comply with the best international standards and practices.

For the purposes of the Assessment, the relevant national legislation was compared to the UNICITRAL Model Law on International Commercial Arbitration. The Assessment intended to establish whether the national legislation is based on the Model Law provisions and to reflect the degree of conformity of the local international commercial arbitration regime with the standards promulgated by the Model Law.

The assessment  (0.6Mb) examined international commercial arbitration regime in thirteen of EBRD’s countries of operation: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, the Kyrgyz Republic, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan and Mongolia.