Arbitration in the Americas

NOTE: This document contains links to guidance on the International Centre for Dispute Settlement (ICDR)'s 2021 International Arbitration Rules. The new edition of the ICDR International Arbitration Rules has been published, and entered into force on 1 March 2021.

Arbitration in the United States of America (USA or US)

Arbitration in the US—Getting the Deal Through guide

This guide, published by Getting the Deal Through (GtDT), provides an introduction to Arbitration in the United States of America covering such topics as: arbitration agreements, constitution of arbitral tribunal, jurisdiction, arbitral proceedings, interim measures, awards, proceedings subsequent to issuance of award and update and trends. See Practice Note: Arbitration—USA—Q&A guide.

Enforcing a New York Convention award in the USA

This Practice Note sets out how to enforce an arbitral award in the USA, taking into account the Federal Arbitration Act, the criteria set out in the New York Convention and considerations of the local court. It also sets out the practicalities of filing suit, such as where to file and the documents required. See Practice Note: Enforcing a New York Convention award in the USA.

Defences

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Stay of application for injunction in favour of Arbitration (Hunt v IPS Law LLP and Others)

Arbitration analysis: The claimant, Mr Hunt, invested £1.05m in January 2023 through IPS Law LLP (‘IPS Law’), the second defendant, which was meant to hold the funds for the first defendant, Oceania Capital Reserves Ltd (‘Oceania’). IPS Law later apparently transferred the funds, but the circumstances in which that occurred (and the instructions on which IPS Law and its principal, Mr Farnell, the third defendant, relied) were unclear. Mr Hunt applied for an injunction to preserve the funds in IPS Law’s account. The defendants, in return, applied for a stay of the proceedings, arguing that the Investment Agreement between Mr Hunt and Oceania (with IPS Law as the ‘Investment Escrow Party’) referred disputes to arbitration. The court held that IPS Law was not a party to the arbitration clause and could not rely upon it under the Contracts (Rights of Third Parties) Act 1999 (C(RTP)A 1999) (Mr Farnell accepted he was not a party). The court decided, however, that there was a serious issue to be tried in relation to the handling of Mr Hunt’s funds and accordingly granted a proprietary injunction. The case addresses issues over the court’s jurisdiction to order a stay under section 9 of the Arbitration Act 1996 (AA 1996) and its ability to order relief where funds held in a solicitors’ client account have been paid away apparently without instruction. Written by Oliver Browne, partner, at Paul Hastings (Europe) LLP.

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