TY - JOUR
T1 - Transnational arbitration agreements as contracts
T2 - in search of the parties' common intention
AU - Bantekas, Ilias
N1 - Publisher Copyright:
© 2022 The Author(s). Published by Oxford University Press on behalf of the London Court of International Arbitration.
PY - 2022/10/3
Y1 - 2022/10/3
N2 - Although agreements to arbitrate constitute contracts that are distinct from those in which they are contained, the practice of arbitral statutes, international instruments, and arbitral tribunals is to conflate the parties' common intention to be bound with the particular form required of the arbitral agreement. This sui generis (conflated) contractual nature is unique to arbitral agreements and serves the transnational character of international arbitration. The required form, which is conflated with the parties' common intention, is meant to serve a procedural, rather than a substantive/contractual purpose, namely the triggering of the jurisdiction of the arbitral tribunal. All this is in sharp contrast with the rigid assessment of offer, acceptance and common intention to be bound that permeates contracts under national laws, all three of which are distinct actions. It further serves as evidence that transnational law does not neatly distinguish between substantive and procedural law, with contracts being an inextricable part of this transnational legal process.
AB - Although agreements to arbitrate constitute contracts that are distinct from those in which they are contained, the practice of arbitral statutes, international instruments, and arbitral tribunals is to conflate the parties' common intention to be bound with the particular form required of the arbitral agreement. This sui generis (conflated) contractual nature is unique to arbitral agreements and serves the transnational character of international arbitration. The required form, which is conflated with the parties' common intention, is meant to serve a procedural, rather than a substantive/contractual purpose, namely the triggering of the jurisdiction of the arbitral tribunal. All this is in sharp contrast with the rigid assessment of offer, acceptance and common intention to be bound that permeates contracts under national laws, all three of which are distinct actions. It further serves as evidence that transnational law does not neatly distinguish between substantive and procedural law, with contracts being an inextricable part of this transnational legal process.
UR - https://www.scopus.com/pages/publications/85153325629
U2 - 10.1093/arbint/aiac007
DO - 10.1093/arbint/aiac007
M3 - Article
AN - SCOPUS:85153325629
SN - 0957-0411
VL - 38
SP - 169
EP - 185
JO - Arbitration International
JF - Arbitration International
IS - 3
ER -