An Introduction to Parallel Arbitration and Solutions to Overcome It
Keywords:
dispute, international trade, parallel proceedings, arbitrationAbstract
The ultimate objective of arbitration is realized only when the process is able to finally resolve the dispute between the parties. Thus, the conclusion of the arbitration proceedings must necessarily signify the end of the conflict between the litigants. If, at the time a dispute is under consideration, a similar or identical claim is being reviewed before another arbitral tribunal, or if the possibility of initiating such a claim before another forum exists, arbitration fails to achieve its purpose and mission. Consequently, it must be emphasized that conflict in the enforcement of arbitral awards may not only eliminate the advantages of amicable dispute resolution but may also lead to further complexities in the adjudication and settlement process. In this study, using a descriptive–analytical approach, a comparative analysis was conducted on the issue through the examination of international instruments such as the New York Convention, other international conventions, domestic legal regulations of certain jurisdictions, as well as managerial approaches to the matter. Additionally, cases concerning parallel proceedings in the field of investment arbitration were analyzed.
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Copyright (c) 2025 Mehdi Nazemizadeh, Reza Soltani (Author)
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