International Commercial Arbitration

Companies involved in commercial legal disputes that cannot be resolved internally, and where arbitration has been agreed upon as the resolution method, require guidance from litigation lawyers with specialised arbitration expertise and familiarity with the applicable arbitration rules. This ensures the best possible outcome through the arbitration award if an acceptable out-of-court solution cannot be reached.

Wiersholm’s international commercial arbitration department offers both expertise and extensive experience in handling ad-hoc arbitration and proceedings under ICC, SCC, LCIA, OCC, FAI, DIA, and NOMA rules.

They were quick to respond to our enquiries. They had a very good ability to get acquainted with a complex case.
Chambers Europe

With globalisation and the rise of international trade between parties from different countries, international commercial arbitration has become a preferred dispute resolution mechanism. A key historical reason for this trend is that an arbitral award is often the only basis for enforcement under the New York Convention. Beyond the potential for “global” enforcement, international commercial arbitration is attractive because it ensures confidentiality, allows for specialised expertise among arbitrators, provides a more efficient process, and results in a final, non-appealable award.

Through an arbitration agreement, parties waive their right to have their legal dispute decided by ordinary courts. However, the agreed seat of arbitration determines which country’s legal system and arbitration law apply. If Norway is the chosen seat, the arbitration is governed by the Norwegian Arbitration Act of May 14, 2004 (the “Arbitration Act”). This allows Norwegian ordinary courts to provide necessary assistance during the arbitration process, make decisions on temporary security and arrest in legal matters subject to arbitration, and set aside a final arbitral award in cases of invalidity.

Our Services

Evaluation of the dispute and analysing the likely outcome of arbitration using Wiersholm’s well-developed methods for Effective Dispute Resolution.

Assisting in forming an arbitration panel with the appropriate expertise and experience in the relevant legal area and industry.

Facilitating attempts to resolve the dispute through negotiations, either via assisted negotiations (mediation) or directly between the parties.

Supporting the process leading to the final arbitral award, including any need for temporary protection (temporary injunction or arrest) by order of the arbitral tribunal or ordinary courts.

Assistance with the recognition and enforcement of the final arbitral award in the relevant jurisdiction.