EUROPEAN HUMANITIES UNIVERSITY
Academic Department of law
Bachelor's program «International law»
Vilnius, 2016
EUROPEAN HUMANITIES UNIVERSITY
Academic Department of law
Bachelor's program «International law»
Vilnius, 2016
DISADVANTAGES:
fixed administrative fees for the services of the international court of arbitration, depending on the amount of the claim;
bureaucratization of the court;
hardcoded terms, that is often inconvenient for one or both of the parties of the proceedings.
DISADVANTAGES:
no fixed rules and Protocol, about which the parties must reach agreement, often after a dispute has arisen;
the need for an independent search and selection of arbitrators;
the need for self-determination of the amount of payment for services of an arbitrator.
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