IBA Annual Conference Rome 2018
7 Oct - 12 Oct 2018
Session Room I, Level -1
Session information
Trends and perspectives of international arbitration in disputes involving financial institutions
Thursday 11 October (1615 - 1730)
Committee(s)
Banking & Financial Law Committee
(Lead)
Arbitration Committee
Description
While the evolution of the financial industry and its relations with counterparties has modified the disputes pattern in recent years, the historical perception in the financial industry that arbitration is unsuitable for disputes involving financial institutions has been challenged. The session will review the reasons for the change and discuss feedback from experience in key business lines and expert subject matter where arbitration is already used. It will consider the specific procedural needs of the financial industry, the impact of market associations, such as the International Swaps and Derivatives Association (ISDA) and the Loan Market Association (LMA), proposing standard arbitration clauses and the role of specialist arbitration centres. Going further, it will explore the potential for growth through the adaptation of arbitration rules and education of financial institution staff.
Session / Workshop Chair(s)
Jean-Francois ADELLE | Jeantet, Paris, France |
Professor Mohamed Abdel Wahab | Zulficar & Partners, Cairo, Egypt; Vice Chair, Arbitration Committee |
Speakers
Olufunke Adekoya SAN | Funke Adekoya SAN, Lagos, Nigeria; Member, African Regional Forum Advisory Board |
Heikki Cantell | Nordic Investment Bank, Helsinki, Finland |
Alexander G Fessas | ICC International Court of Arbitration, Paris, France |
Jeffrey Golden KC | 3 Hare Court Chambers, London, England; Member, SPPI Council Advisory Board |
Njeri Kariuki | Advocate & Chartered Arbitrator, Nairobi, Kenya |
Kristoffer Loef | Mannheimer Swartling, Stockholm, Sweden |
Parminder Nahl | FBN Bank (UK) Limited, London, England |