DELOCALIZATION AND THE APPLICABLE LAWS IN INTERNATIONAL COMMERCIAL ARBITRATION

Ephraim Nwajiobi Mgbemena

Abstract


The delocalization theory is the detachment of international Commercial Arbitration proceedings from the legal system of the forum. Arbitration, is a private process in the settlement of dispute. By this private process, the parties are allowed the freedom and right to determine a wide range of issues in their arbitration agreement. This autonomy of parties in arbitration practice extends to the issues in respect of the applicable laws, applicable procedure, venue of arbitration proceedings, language or languages. For the purposes of this paper I shall limit my discussion on the applicable laws and the preservation of the res, as the case may be.


Keywords


Delocalization, The Applicable Laws, Preservation of Res and The International Commercial Arbitration.

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References


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