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Full-Text Articles in Law
Arbitration In Banking And Finance, William W. Park
Arbitration In Banking And Finance, William W. Park
Faculty Scholarship
The world's bifurcation into debtors and creditors has created yet another class of people: those involved in resolving disputes between lenders and borrowers. To promote reliability in financial dispute resolution, credit agreements have generally provided that potential controversies will be submitted either to courts in the bank's home jurisdiction, or to courts of a major money center such as London or New York.
Bridging The Gap In Forum Selection: Harmonizing Arbitration And Court Selection, William W. Park
Bridging The Gap In Forum Selection: Harmonizing Arbitration And Court Selection, William W. Park
Faculty Scholarship
More than one thoughtful international business manager has been haunted by the fear that foreign judges might not always respect Moses' admonition to impartiality., Concern that the other side will have an unfair advantage in its home court has often driven lawyers to include in international contracts one of two forum selection devices:2 an arbitration agreement entrusting the controversy to a private decision-maker or a courtselection clause granting adjudicatory power to courts at a designated location.3 Both mechanisms can enhance political and procedural neutrality, thereby facilitating business ventures when parties have a mutual mistrust of each other's courts and a …