OUR NOTABLE COMMERCIAL ARBITRATIONS
Represented an Australian company in an SIAC administered arbitration involving a commercial dispute over a Joint Venture Agreement with an Indonesian conglomerate for the mining of oil and gas in Indonesia worth
Represented a company based in the UK in an LCIA administered arbitration involving a commercial dispute over an agreement governed by English laws for the supply of oil and gas worth
Successfully defended a listed company in India in an arbitration administered by the AAA in New York involving the supply of steel to a party in America under the Uniform Commercial Code worth
What is Commercial Arbitration?
Commercial arbitration is an Alternative Dispute Resolution (ADR) that is agreed by parties involved in commercial disputes. It allows you to bring your dispute in front of a private arbitrator, rather than a judge, to evaluate your case.
- Contractual Disputes
- Commercial Disputes
- Shipping Disputes
- Partnership Disputes
- Shareholders’ Disputes
WHY CHOOSE ARBITRATION OVER LITIGATION to settle your disputes?
Arbitration is often more beneficial to both parties involved because it is cheaper, faster and offers more privacy as compared to litigation. We typically advise our clients to choose arbitration when both parties:
cannot agree on the appropriate jurisdictionArbitration is especially useful if both parties reside in different countries, since either party may feel uncomfortable with the court system in another country that may have a different jurisdiction.
prefer an arbitrator with subject matter expertise in the dispute
An arbitrator with the appropriate technical subject matter expertise can understand technical evidence and substantially shorten the time involved to conclude the outcome of the dispute.
require confidentiality and privacy
Some clients, especially publicly listed firms, are concerned about the repercussions of news (of being sued) such as a potential drop in share price. Arbitration is preferred as it takes place in a private setting and is typically not reported in the news. Additionally, parties to the arbitration and arbitrators are obliged to maintain confidentiality of all matters relating to the arbitration proceedings.
scenarios where arbitration is not appropriate
one party does not agree to arbitrate
Commercial contracts may include provision for how disputes relating to that contract are to be resolved. In the absence of stating arbitration as a dispute resolution mechanism, the other party may not always agree to arbitrate. When dealing with such reluctant parties, commencing a lawsuit may be more effective in resolving disputes.
cost of proceedings is more than the arbitration award
Arbitration may not be suitable for your dispute if the estimated value of your arbitration award is less than the cost of arbitration (such as administrative fees, arbitrators’ fees, legal costs and disbursements). Ultimately, choosing arbitration over litigation should help to limit the costs associated with resolving a dispute and obtain a result as quickly as possible.
WHAT OUR CLIENTS SAY
I have consulted Ramesh a few times with regard to my business disputes and I am glad he is able to explain all the various legal issues in a simple manner that I can understand. I have engaged other lawyers before and it can be frustrating if they keep telling you jargons that you have no idea about. If you need a professional lawyer to give you the best legal advice with clarity, I highly recommend you to look for Ramesh.
Chanced upon RBN Chambers after searching in Google to look for a reliable and knowledgeable lawyer to advise me with regard to a working partnership that turns sour. Ramesh and his team were very patient to provide the different courses of action. Because of their professionalism and the assurance they gave me during the whole process, I have a peace of mind to continue with the business while leaving them to deal with the legal problems efficiently. Big Thumbs Up!
How can our Commercial Arbitration Lawyers help BUSINESSES AND INDIVIDUALS?
Our law practice takes on both domestic and international abitration.
Our commercial arbitration lawyers can help you with the following arbitration proceedings:
- Select an arbitrator or arbitration panel
- Conduct legal research and gather required documents
- Investigate evidence and prepare witnesses
- Negotiate ground rules with the other party
- Present and articulate legal arguments
- Question and cross-examine witnesses at the arbitration meeting
Arbitrations can be classified as ad-hoc or institutional (arbitration conducted in accordance with a set of institutional rules selected by parties in advance). These rules can be different depending on the various arbitral institutions such as the Singapore International Arbitration Centre (SIAC).
At RBN Chambers, our commercial arbitration lawyers have represented clients in complex and high-value commercial disputes. We have represented our clients in arbitrations administered by the Singapore International Arbitration Centre (SIAC), the London Court of International Arbitration (LCIA) and American Arbitration Association (AAA).