Conflict of Interests in International Arbitration with Emphasis on IBA Guidelines
Subject Areas : PoliticsKeywords: International arbitration, IBA Guidelines, conflict of interests,
Abstract :
Lack of adequate transparency and uniformity in application of the existing criteria of international arbitration, and existence of conflicting interests in international arbitration, have led the International Bar Association (IBA) to launch a range of practical and substantive recommendations known as “IBA Guidelines on Conflicts of Interest in International Arbitration.” The present paper tries to look into the performance and achievements of the IBA Guidelines, especially when compared to other bodies of arbitration rules and regulations? The paper argues that although the Guidelines are not in tune with other rules of arbitration with respect to certain issues such as imposing restrictions on subjective standard of disclosure, the impact of non-disclosure, and the effect of the investigations on the arbiter’s decision, they can still blaze a new trail which could lead to a higher level of coordination among various procedures of international arbitration.