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TLE0026 International Commercial Arbitration

TLE0026 International Commercial Arbitration 
 Campus: Eveleigh, NSW 2015
 Units of Credit: 6
 Pre-requisite or Co-requisite: Prerequisites: TLLB103 Tort Law, TLLB105 Contract Law, TLLB312 Corporations Law and TLLB313 Commercial Law
 EFTSL*:  0.125
 Indicative Contact Hours per Week:  3 
 Tuition Fee  See Tuition Fee Schedule
 Application Date:  See Key Dates
 Unit Overview:

International commercial arbitration is increasingly important as the volume of global business expands and commercial parties resist litigation in foreign courts. This unit covers all essential elements of international commercial arbitration, with a particular focus on the Asia Pacific region. The trade flows in this region are a significant part of world commerce. International arbitration provides an essential ingredient for the success of trade between parties from different countries, providing as it does a means for settlement of disputes arising between them and the enforcement of decisions made in respect of those disputes. The development of regional arbitration expertise is therefore essential.  The unit  examines the major legal frameworks for the international regulation of commercial transactions, as well as major international trade organisations (e.g. WTO, EU).The subject also provides an understanding of dispute resolution issues in the context ofinternational transactions. Students consider the drafting of arbitration clauses and agreements, the composition of the arbitral tribunal, the procedure of arbitration, the difference between an ad hoc and an administered arbitration, the main arbitral institutions, the seat of arbitration, the role of courts in the support of arbitration, issues of recognition and enforcement, and some special  forms of arbitration including resolution of investment , and sports arbitrations. The units  will also consider the UNCITRAL model law, choice of law in international arbitration, other model rules and laws in Australia.

*EFTSL = Equivalent full-time study load