Hybrid arbitration clauses — a new trend

Source

APK-Inform

Hybrid arbitration clauses already became a new trend, because the necessity for them developed in terms of the sharp rise in the number of international arbitral institutions, declared the Honorary Secretary at the London Maritime Arbitrators Association (LMAA), Daniella Horton during her report at the seventeenth international conference Grain & Maritime Days in Odessa on May 24.

According to her, to date trade professionals usually appeal to almost 30 international maritime arbitration facilitates. Therefore, there is a request from business for increasing the opportunities to maneuver in the choice of jurisdictions for arbitration.

Also, the expert said that in 2016 the BIMCO Dispute resolution clause allowed choosing between 4 different maritime arbitrations.

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