More transparency in international commercial arbitration is a good thing
The Lazareff Le Bars team warmly congratulates Amy Seow on placing first runner-up in the Young Singapore International Arbitration Centre (YSIAC) Essay Competition 2017, from a record number of 73 entries received from 25 jurisdictions.
Amy is a Senior Associate with Rajah & Tann Asia and currently a foreign stagiaire with Lazareff Le Bars.
Her essay advocating for increased transparency in international commercial arbitration.
This essay argues that the need for increased transparency in international commercial arbitration (“ICA”) must be evaluated from the viewpoint of the consumers of ICA, namely the disputing parties. Increased transparency is supported by two arguments, the first being the increased accountability of the arbitrators, and the second being the role which ICA plays in perpetuating the rule of law with predictability and certainty, allowing commercial actors to organise their commercial dealings. The most practical and effective means by which increased transparency in ICA proceedings can be achieved is by publishing ICA awards which identify the arbitrators who contributed to the award, but which redact information that could identify the disputing parties.
You can access the first full commentary here and we invite you to follow our blog posts relating to the matter.