Conference Report: BOKS Legal Network Conference in Paris October 2024
November 20, 2024
A central highlight was Klaus Oblin’s presentation on “Differences Between International Commercial Litigation and Arbitration”. Klaus outlined strategic considerations influencing the choice between litigation and arbitration, emphasizing:
Flexibility and Confidentiality: Arbitration’s procedural flexibility and confidentiality were highlighted as major advantages over public court litigation.
Neutrality and Impartiality: He pointed out that arbitration allows the selection of neutral arbitrators with industry-specific expertise, enhancing impartiality in cross-border disputes.
Enforcement and Finality: Klaus discussed the broader enforceability of arbitration awards under the New York Convention, contrasting it with jurisdiction-specific enforcement of litigation judgments. He also noted arbitration's limited appeal options, offering finality but reducing avenues for recourse.
His presentation provided strategic insights, sparking vibrant discussions on the practical implications for international commercial disputes. The conference underscored the importance of choosing the right dispute resolution mechanism amidst geopolitical uncertainties.
Watch the video at www.youtube.com/watch