The significance of Delocalisation Theory in the history of international commercial arbitration
The significance of delocalisation theory in international commercial arbitration is of paramount and copious importance. ‘Delocalisation’ refers to the possibility that an award may be accepted by the legal order of an enforcement jurisdiction whether or not the legal order of its country of origin has also embraced it. The parties are not only free to choose the applicable procedural and substantive law in international arbitration, but also they can detach the arbitration from the national law, and lodge it to international law so as to be «anational», «supranational», «detached», «stateless», «transnational», or «floating» arbitration.
2015
Otynshiyeva A.A.