An Arbitrator‘s Power To Decide ex aquo et bono A Sleeping Beauty?

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Presentation transcript:

An Arbitrator‘s Power To Decide ex aquo et bono A Sleeping Beauty? Austrian/Polish Twin Conference Martin Platte

Austrian/Polish Twin Conference Martin Platte ex aequo et bono: according to what is just and good aequitas: equity, fairness, natural justice aequitas vs summum ius („strict law“) amiable compositeur Austrian/Polish Twin Conference Martin Platte

Austrian/Polish Twin Conference Martin Platte Commercial Arbitration European Convention Model Law National Laws Arbitration Rules Public Int‘l Law / Investment arbitration ICJ ICSID Austrian/Polish Twin Conference Martin Platte

Austrian/Polish Twin Conference Martin Platte ex aequo et bono vs amiable compositeur authority to decide detached from legal rules authority to mitigate inequitable effects of law meaningful or artificial distinction? method vs result Austrian/Polish Twin Conference Martin Platte

Austrian/Polish Twin Conference Martin Platte only possible with express consent of parties intent of parties not: lex mercatoria choice of lex mercatoria ≠ ex aequo et bono Austrian/Polish Twin Conference Martin Platte

Austrian/Polish Twin Conference Martin Platte Limitations of power to decide ex aequo et bono international public policy public policy of seat of arbitration / place of enforcement decisions regarding jurisdiction procedural rules mandatory rules (?) contract adaptation (?) award must be reasoned relevant facts must be established Austrian/Polish Twin Conference Martin Platte

Austrian/Polish Twin Conference Martin Platte Examples of decisions ex aequo et bono time-barred claims notice periods penalty clauses rules of evidence quantum of damages Austrian/Polish Twin Conference Martin Platte

Thank you for your attention! Austrian/Polish Twin Conference Martin Platte

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