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An Arbitrator‘s Power T o Decide ex aquo et bono A Sleeping Beauty?. ex aequo et bono : according to what is just and good aequitas : equity , fairness , natural justice aequitas vs summum ius („ strict law “) amiable compositeur. Commercial Arbitration European Convention
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An Arbitrator‘s Power ToDecideex aquo et bono A Sleeping Beauty? Austrian/Polish Twin Conference Martin Platte
ex aequo et bono: accordingtowhatis just andgood • aequitas: equity, fairness, naturaljustice • aequitasvssummumius („strictlaw“) • amiablecompositeur Austrian/Polish Twin Conference Martin Platte
Commercial Arbitration • European Convention • Model Law • National Laws • Arbitration Rules • Public Int‘l Law / Investment arbitration • ICJ • ICSID Austrian/Polish Twin Conference Martin Platte
ex aequo et bonovsamiablecompositeur • authoritytodecidedetachedfrom legal rules • authoritytomitigateinequitableeffectsoflaw • meaningfulorartificialdistinction? • methodvsresult Austrian/Polish Twin Conference Martin Platte
onlypossiblewith express consentofparties • intentofparties • not: lexmercatoria • choiceoflexmercatoria≠ ex aequo et bono Austrian/Polish Twin Conference Martin Platte
Limitationsof power todecideex aequo et bono • international publicpolicy • publicpolicyofseatofarbitration / placeofenforcement • decisionsregardingjurisdiction • proceduralrules • mandatoryrules (?) • contractadaptation (?) • award must bereasoned • relevant facts must beestablished Austrian/Polish Twin Conference Martin Platte
Examplesofdecisionsex aequo et bono • time-barredclaims • noticeperiods • penaltyclauses • rulesofevidence • quantumofdamages Austrian/Polish Twin Conference Martin Platte
Thankyouforyourattention! Austrian/Polish Twin Conference Martin Platte