The Arbitration Station

With a full suite of co-hosts, we tackle a question that has bothered us all: why do people confuse arbitration with arbitrage [TIME 34:12]? But before that, we engage in another Arbitration Book Club discussion, this time based on our reading of Mikaël Schinazi’s book The Three Ages of International Commercial Arbitration [TIME 03:31].

For those who, like us, remain confused please see the following dictionary definitions:

Arbitration: “[t]he formal process of having an outside person, chosen by both sides to a disagreement, end the disagreement“

Arbitrage: “[t]he method on the stock exchange of buying something in one place and selling it in another place at the same time, in order to make a profit from the difference in price in the two places“

After a short break, the Arbitration Station is back with escalation clauses (aka multi-tiered dispute resolution clauses or cooling off-clauses) [TIME 10:57], followed by an interview with Leonor Díaz-Córdova and Natalie Hall about cognitive bias in arbitral decision-making, the subject of an upcoming article of theirs [TIME 38:53]. Happy Fun Time closes us out with a discussion on social media practices for arbitrators and other arbitration practitioners [TIME 01:21:10].

Joel’s book can be bought here, use discount code 71345 at check-out!

You can listen to the 2007 interview with Emmanuel Gaillard here, through the CPR web page. It was the first episode of Michael McIlwrath’s excellent podcast!

Read more about the CAS case with the tweeting arbitrator here.