This leading commentary on international commercial arbitration, now in its sixth edition, is an essential guide for arbitrators, lawyers, and students. Based on the authors' extensive experience as counsel and arbitrators, it provides an updated explanation of all elements of the law and practice of arbitration. This text provides an authoritative guide to the international arbitral process, from the drafting of the arbitration agreement to the enforcement of arbitral awards. The sixth edition has been updated to incorporate reference to the latest significant developments in the field such as the new LCIA, ICC and UNCITRAL Rules and new IBA Guidelines. There will also be an increased reference to international arbitral authority and practice from beyond Europe (China, India, and the US). Following the chronology of an arbitration, the book covers applicable laws, arbitration agreements, the establishment and powers of a tribunal, the conduct of proceedings and the role of domestic courts. In addition, it provides an in-depth examination of the award itself, and comments on the special considerations applying to arbitrations brought under investment treaties. It draws on examples of the rules and practice of arbitration at the International Chamber of Commerce, the London Court of International Arbitration, the American Arbitration Association, the International Centre for Settlement of Investment Disputes and the United Nations Commission on International Trade Law.

In light of the recent financial crisis in Europe and the increasing importance of sustainability in construction, insights and practical guidance for financial evaluation and risk management of infrastructure projects are extremely valuable for a well-planned future. According to the International Organization for Standardization (ISO 15686, 2009), the life cycle cost of infrastructure projects includes the cost of construction, operation, maintenance, and the end-of-life phases. Each stage includes hypotheses regarding the financial costs and costs considering several risks that might be encountered during the construction and service life of an infrastructure project. The correct and early estimation of these risks may guarantee the viability of the project. The Financial Evaluation and Risk Management of Infrastructure Projects delves into an intriguing issue and encompasses all the stages of a project from its concept that initially attempts to serve a need to the minimization of its service value. Cost-benefit analysis is indisputably considered an essential element among various evaluation methods for fostering optimal decision-making and ranking infrastructure projects over decades. Life cycle cost aspects became an important tool of knowledge about how to optimize an investment from the early stages of designing an infrastructure project. Financial Evaluation and Risk Management of Infrastructure Projects is a comprehensive guide for professionals and students in the fields of construction and investment, as well as financial and investment institutions. The book covers all stages of a project, from its concept to the minimization of its service value and highlights the importance of life cycle cost aspects in optimizing infrastructure project investments. The book also discusses the valuation of assets via the "future economic benefits" approach as a correct asset management accounting, which can prevent over and under estimation of investments and repair debt. The book emphasizes the need for cost-effective and sustainable infrastructure projects that incorporate "value for money" construction solutions, taking into account all risks involved. This book is ideal for professionals in the field of construction, investment institutions, students in construction and investments, and financial and investments institutions.