Lex Facit Arbitrum? Philosophical and Legal Notes on Arbitration
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Lex Facit Arbitrum? Philosophical and Legal Notes on Arbitration
Annotation
PII
S1605-65900000622-5-1
Publication type
Article
Status
Published
Authors
Oleg Skvortsov 
Occupation: Dr. Sci. (Law), Prof., Professor, Department of Commercial Law, SPbSU
Affiliation: Saint-Petersburg State University, St. Petersburg, Russia
Pages
33-45
Abstract

The article discusses the controversial issue of the relationship between arbitration and law, initiated at the time by the famous jurist F. Mann. The formulation of this problem seems paradoxical: either law creates arbitration, or arbitration creates law. One or another development of the discussion has important practical consequences, consisting in determining the direction of law enforcement and possible regulation. The author, based on the analysis of the theory of arbitration delocalization, aims to identify trends in the development of international arbitration and the role of arbitrators in this process. The delocalization theory taking root in international practice and the practice of individual legal systems leads to the separation of arbitrators from national legal systems, which stimulates their almost unlimited discretion, and this in turn becomes a source of instability in law enforcement. An analysis of the relationship between international commercial arbitration and international investment arbitration provides grounds for concluding that investment arbitration arbitrators are more independent of national legal systems. As a result, in the absence of appropriate regulation, investment arbitration arbitrators are more inclined to create law, sometimes disregarding established approaches. At the same time, their discretion is limited only by self-censorship. This situation has led to a crisis in investment arbitration, the need for reform of which has been under discussion for a long time. Conclusion: objectively, the concept of delocalization reflects the trend of globalism of the world order and to a certain extent contributes to the destruction of the centuries-old Westphalian system on which the established international relations rest.

Keywords
arbitration, international commercial arbitration, international investment arbitration, theory of arbitration delocalization, arbitration and law, lex arbitri, lex mercatoria, lex facit arbitrum
Date of publication
18.11.2024
Number of purchasers
0
Views
22
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0.0 (0 votes)
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