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DISPUTE RESOLUTION
CHRISTINA KARLIA-PALOMÄKI HAAGA-HELIA UNIVERSITY OF APPLIED SCIENCES 11.3.2018
INTERNATIONAL DISPUTE RESOLUTION
• Escalation clause: preparing for long-term contracts, which have a risk of other factors
like inflation influencing
• A given price may be in effect for a certain time and after that it will be pegged to a
publicly available inflation index
• Variation and substitution clauses allow some difference in the composition of the goods,
as long as they are functionally as good as the contract goods
INTERNATIONAL DISPUTE RESOLUTION (3)
• Waiver: voluntarily not insisting on precise performance from the other party or not
excercising the right to remedies in connection with minor contract breaches
• The choice of law and applicable law: in case the contract includes no clauses cncerning
the applicable law, the court may apply the theory of ”conflict of laws” in which it
decides the best applicable law and looks where the contract was negotiated, signed,
where is is to be performed and what are the domiciles of the parties
• https://iccwbo.org/about-us/who-we-are/dispute-resolution/
• Neutrality, confidentiality, faster, cheaper, finality, arbitrators experts in different fields,
simpler enforcement
• Other types of arbitration (and mediation) are available