1. London | Geneva | Zurich | Milan | Padua | New York | Greenwich | New Haven | San Francisco | Hong Kong | Singapore | BVI 9 th CIS Local Counsel Forum Moderator: Dr. Nikolaus Pitkowitz, Partner, Graf & Partners – Vienna Mr Christopher Coffin – Partner, Head of Dispute Resolution Withers – London Mr Manfred Heider, Secretary General, Vienna International Arbitral Centre (VIAC) Ms Natalia Petrik, Legal Counsel, The Arbitration Institute of the Stockholm Chamber of Commerce (SCC) – Stockholm Mr Valikhan Shaikenov, Partner, Aequitas Law Firm - Almaty

2. London | Geneva | Zurich | Milan | Padua | New York | Greenwich | New Haven | San Francisco | Hong Kong | Singapore | BVI Choosing a seat The seat of arbitration will usually determine: Procedural law of the arbitration Which court has supervisory jurisdiction over the arbitration Nationality and scope of review of the arbitral award But also: Practical considerations

3. London | Geneva | Zurich | Milan | Padua | New York | Greenwich | New Haven | San Francisco | Hong Kong | Singapore | BVI Attractions of London-based arbitration Neutrality Language Accessibility and facilities Pool of experienced commercial arbitrators & counsel Established institutes and rules – LCIA, LMAA, CIArb Robust statutory framework – Arbitration Act 1996 English common law and procedure

4. London | Geneva | Zurich | Milan | Padua | New York | Greenwich | New Haven | San Francisco | Hong Kong | Singapore | BVI Choosing London – potential claimant’s view (1) Respect for agreement to arbitrate: Unilateral clauses accepted Anti-suit injunctions available for non-EU cases Damages for breach of agreement Kompetenz-kompetenz accepted Pre-emptive remedies: Worldwide freezing injunctions Search orders Additional remedies to support arbitration: Enforcing attendance of witnesses Determining points of law

5. London | Geneva | Zurich | Milan | Padua | New York | Greenwich | New Haven | San Francisco | Hong Kong | Singapore | BVI Choosing London – potential claimant’s view (2) Cost – not inexpensive £5m commercial claim could cost £1m whether in court or arbitration English costs rule costs follow the event, ie the loser pays the winner’s legal costs, can apply in international arbitration using English law Flexibility in legal costs Sharing the risk – lawyers can act on contingent fee basis Funding options Active market of investors willing to pay litigation costs in return for a share in the winnings

6. London | Geneva | Zurich | Milan | Padua | New York | Greenwich | New Haven | San Francisco | Hong Kong | Singapore | BVI Choosing London – potential defendant’s view The converse of the factors previously mentioned, eg A ‘pro-arbitration’ seat not necessarily desirable The right to have an appeal may be desirable Anti-suit injunctions may not be desirable

7. London | Geneva | Zurich | Milan | Padua | New York | Greenwich | New Haven | San Francisco | Hong Kong | Singapore | BVI London Court of International Arbitration 2012 report: 265 referrals 10% of parties of CIS or Eastern European nationality 318 individual appointments of arbitrators to 166 panels 41% of arbitrators not English Draft 2014 arbitration rules Emergency arbitration Speedier formation rules Express powers to consolidate