Application of Economic Sanctions in International Commercial Arbitration

Economic sanctions are powerful tools of global politics, yet they often have adverse effects on individuals and companies involved in business activities with sanctioned parties or those implicated by sanctions. This chapter will analyze the impact of sanctions on cross-border transactions between private parties and the resolution of their disputes in international commercial arbitration. Specifically, it will examine private international law aspects of sanction-related disputes that arise in international commercial arbitration, including the arbitrability of disputes, the arbitral tribunal’s application of sanction legislation to the subject matter of the dispute, and the enforcement of arbitral awards.