Examining the ethical principles of international commercial arbitrators
Subject Areas : Ethics and Islamic EducationSamira Mohammadi Nejad 1 , Ali Gharibeh 2 , Hasan Pashazadeh 3
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Keywords: Arbitrator Ethics, Code of Ethics, International Commercial Arbitration. ,
Abstract :
Nowadays, observance of ethical principles by arbitrators has become an important issue in arbitration issues. Although in the past, arbitrators 'behaviors were considered by internal and social standards. Today, special ethical guidelines have been developed that are new standards for evaluating arbitrator’s behavior. The parties and the arbitrators must be aware of the potential ethical rules applicable to the arbitration process. Although the ethical guidelines provided by the International Bar Association, are not mandatory and are not universally recognized, but failure to pay attention to them can have consequences for the judgments rendered by the arbitrators. In this article, we will examine the ethical principles of arbitrators according to the existing ethical codes in this field. The research method will be descriptive-analytical and information will be collected in a library by referring to law books and taking notes from them, including domestic and international regulations and awards will be issued as much as possible. Domestic and foreign due to the international aspect of the research will be inevitable. Having an effective system to control respect for arbitration ethics and correct many of the irregularities in arbitration practices is essential. The most important ethical principles that must be observed by the arbitrators is the principle of transparency, confidentiality and observance of the arbitration agreement. Of course, due to the dispersion of rules and non-enforcement of existing guidelines and before an effective and enforceable system, agreement between the parties on a code of ethics in the arbitration agreement or procedural guidelines after the dispute has begun, can be effective.
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