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What is it about international arbitration that makes it so open to evolution and adaptation? What are the main pressure points today and the unmet needs of stakeholders? What are the opportunities for expansion to new sectors and new audiences? What are the drivers for change, the obstacles and the risks? And equally important, what are the core principles that should never be lost? These were the topics of the Twenty-Fourth ICCA Congress, held in Sydney, Australia, in April 2018, the proceedings of which are collected in this volume.
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The Austrian Yearbook on International Arbitration is a collection of articles and essays on current issues and hot topics in commercial and investment arbitration and provides a comprehensive overview of recent developments in arbitration. The present 16th edition contains 19 contributions from altogether 45 leading practitioners and academics. The contributions include reports providing insights into the successful work of UNCITRAL and VIAC and an update on recent Austrian court decisions and publications in the field of arbitration. The Yearbook includes the keynote speech delivered by Karl Pörnbacher at the VAD 2021 and the "Vienna propositions for Construction Arbitration" which summarize the discussions held at the VAD World Café in 2021. Other contributions address a variety of topics, predominantly concentrating on procedural issues, including the introduction of new claims and the arbitrator's power to adapt contracts, emergency arbitration, or the arbitrability of insolvency disputes and other hot topics such as the termination agreement of intra-EU BITs or cyber security.
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