THE CONCEPTS OF EX AEQUO ET BONO AND AMIABLE COMPOSITION IN THE LAW OF COMPARATIVE ARBITRATION

Document Type : Research Paper

Author

Assistant Professor of Law, Ferdowsi University of Mashhad, Iran

Abstract

One of the advantages of arbitration, in addition to the removal of formalities, is the flexibility in substantive hearing to dispute. An arbitrator can judge based on fairness and amiable composition, with the authority that is given by the parties. This is an important option that is not common in judicial authorities, but the arbitrator could use it well and issue a fair award. At the same time, identification of this authority is decisive because the parties and judicial authorities should know arbitrator according to which principles and rules of control achieved that result. The common spirit of these arbitrations that are introduced with different titles is avoided from hard and frigid rules of law and recourse to flexible criteria for adjusting the terms of the parties. However, this criterion is ambiguous and, therefore, it deserves to be manageable and understandable by comparative view to this arbitration, paying attention to judicial review and legal doctrine. This article identifies that arbitration and related concepts.

Keywords

References

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Law Quarterly
Volume 48, Issue 4
January 2019
Pages 645-661

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