4 essential elements of arbitration clause

1. Mandatory consequences
2. Exclude state court intervention
3. Give powers to arbit
4. Permit the putting in place of procedure leading under the best condition of efficiency and
rapidity to the rendering of an award that is susceptible to judicial enforcement

All model clauses – institutional

Pathological clauses

Where is enforcement going to take place?

ALSOM v INSIGMA

 Alsom won v insigma.

ICSID International Convention of Settlement I