Arbitration

Foundational Knowledge

1. Basics of Arbitration:
   1. Understanding the definition and purpose of arbitration.
   2. Differences between arbitration, litigation, and mediation.
2. Legal Frameworks:
   1. Familiarity with laws governing arbitration, such as the Federal Arbitration Act (FAA) or UNCITRAL Model Law.
   2. Key international treaties, such as the New York Convention.
3. Arbitration Process:
   1. Steps involved in arbitration, including agreement formation, arbitrator appointment, hearings, and award issuance.
   2. Concepts like party autonomy, confidentiality, and enforceability.
4. Key Principles and Terms:
   1. Separability doctrine.
   2. Kompetenz-Kompetenz principle.
   3. Binding vs. non-binding awards.

Practical Knowledge

1. Types of Arbitration:
   • Ad hoc vs. institutional arbitration.

Domestic vs. international arbitration.

1. Arbitration Agreements:
   • Clauses, validity, and common terms in agreements.
2. Roles and Responsibilities:
   • Duties of arbitrators, parties, and institutions.
3. Common Challenges:
   • Grounds for setting aside or refusing enforcement of an arbitral award.
   • Handling conflicts of interest or arbitrator bias.

Familiarity with Institutions and Rules

• Institutions like ICC, LCIA, and AAA.
• Rules such as ICC Arbitration Rules or UNCITRAL Arbitration Rules.