This book offers an innovative approach to the topic of liability
in international arbitration, a controversial topic that has
heretofore not been fully explored in the scholarship. Arbitral
institutions have recently emerged as powerful actors with new
functions in and outside arbitration processes. The author proposes
to shift the debate on liability from arbitrators to the arbitral
institutions. The book re-evaluates the orthodox understanding of
the status, functions, and responsibility of arbitral institutions
and is recommended for arbitration scholars, practitioners, and
students. It is argued that the current regulations regarding
liability are inadequate given both the contractual obligations and
the emerging public function of arbitral institutions and that
institutional arbitral liability is therefore necessary. The book
also links the contemporary functions of arbitral institutions to
recent debates regarding legitimacy challenges in international
commercial arbitration. Responding to these challenges, a model of
institutional contractual liability is proposed that invites
arbitral institutions to proactively regulate the scope of their
liability.
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