Uncitral Arbitration Rules Usage
Summary
The UNCITRAL Arbitration Rules are suitable for resolving disputes in sub-award agreements, provided both parties agree to their use. Its important to include a clause in the contract specifying arbitration as the dispute resolution method. These rules are widely used in international commercial disputes, offering a comprehensive procedural framework.Full Conversation
can UNCITRAL Arbitration Rules be used as dispute resolution mechanism for disputes arising out of a sub award agreement
Yes, the UNCITRAL Arbitration Rules can be used as a dispute resolution mechanism for disputes arising out of a sub-award agreement. Ensure that both parties agree to adopt these rules in the contract.
Is there a specific clause in your sub-award agreement that mentions arbitration or dispute resolution?