Legal Regulation of Electronic Arbitration: Recognition and Execution of its Decisions
Keywords:
New York Convention (NYC), arbitration laws, court decisions, artificial intelligence, Covid-19 pandemy, E-ARB, International Arbitration CenterAbstract
As part of this article, we will examine the question of the fact that the states should adapt their Arbitration laws to adapt arbitrates in artificial intellect or complete autonomous arbitrations. We also study the dynamics of regulation and regulation competition. Although countries are formal free in principle not to accept or not accept their unique arbitration legislation, they may be pressured in a particular direction by market forces. The states competed for arbitration business, and such competition can encourage them to renew and modernize Arbitration laws, which makes them more comfortable for technology and AI.Countries independently cannot change the New York Convention. Nevertheless, they can decide whether semi-empty or without modification or without changes or copy arbitration of another state or develop a new arbitral charter from zero.
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