The video of Prof August Reinisch from the University of Vienna delivering a keynote address at the Basel Winter Arbitration School is now available online.
The keynote lecture discusses whether and to what extent not only a residual review concerning the procedural aspects of arbitration but also review concerning the substantive results of arbitration is called for.
One of the main advantages of arbitration is its relative speed, resulting among others from the fact that it is a single instance form of dispute settlement without appeal and very limited other recourse before national courts or other institutions. Still, review of arbitral awards is not unheard of. It occurs when national courts or ad hoc committees under the ICSID system review the composition of arbitral tribunals and the procedural fairness of their proceedings, but it is normally not available for assessing the content of outcomes.
The keynote lecture was delivered in Basel on Friday, 11 February 2022.
