Final Offers and Sealed Offers as a Means of Reducing the Time and Cost of Arbitration
نویسنده
چکیده
International arbitration procedures have become more and more costly and time consuming both for the arbitrators and the parties. Therefore, some specifi c procedural options have developed “fi nal offer arbitration” (FOA) and “sealed offer arbitration”which, alongside with their numerous advantages, actually lead to some new problems. The article discusses those advantages and disadvantages of the two novelties in arbitration, trying to perceive them both from the common law and civil law point of view.
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