A Survey on the requirements of Virtual Hearing Arbitration in iran and American arbitral institutions for corona's dilemma

Document Type : Original Article

Authors

1 PH.D. Candidate in Private Law Qom university

2 Assistant Professor in Private Law Qom university

10.30497/leg.2020.75496

Abstract

The COVID-19 pandemic is an unprecedented global health crisis with no clear ending in sight. It has already provoked one of the most significant contractions of the global economy in a generation, and continues to adversely impact virtually every business sector. Arbitration proceedings (and the arbitral institutions which administer them) have not been immune from these effects. they have been forced to swiftly adapt to the exceptional circumstances of the pandemic and they moving forward now with remote conferencing tools. For decades, parties, counsel and arbitrators have enjoyed the benefits provided by online arbitration, Yet, commercial arbitration has been slow to fully embrace online technology. But we no longer live in the ideal world. The Covid-19 pandemic compels us to adapt to survive. Fortunately, technology has developed to make online arbitration a viable alternative, be it for the next couple months or for the years ahead. most arbitral institutions have strongly encouraged arbitral tribunals and parties to proceed with fully virtual hearings. Many have also outlined specific guidance and factors for arbitral tribunals to consider before transitioning from a physical to virtual hearing. Here is a summary of operational updates for AAA/ICDR, FINRA, and JAMS as of today.

Keywords


Articles in Press, Accepted Manuscript
Available Online from 16 November 2020