On October 5, 2016, Dentons US LLP sponsored and hosted an ICC YAF cocktail reception and panel event at the firm’s New York office. The panel, which took the form of an interview-style discussion on “Settlement in International Arbitration,” highlighted new statistics, trends, and issues in planning for, reaching, and enforcing settlements in international arbitration. With over 75 people in attendance from private firms, companies, law schools, and arbitral institutions, the event brought together representatives from all corners of New York’s vibrant international arbitration community.
“Meriam Al-Rashid (Partner, Dentons US LLP) stressed the importance of settlement to business relationships and the issues lawyers must navigate in helping achieve a beneficial settlement”
The panel of four, consisting of Ulyana Bardyn (Deputy Counsel, ICC), Andrew Behrman (Partner, Baker Botts LLP), Corina Gugler (Associate, Debevoise & Plimpton LLP), and Viren Mascarenhas (Counsel, King & Spalding LLP), was moderated by Dentons Managing Associate Diora Ziyaeva. In her opening keynote address, Meriam Al-Rashid (Partner, Dentons US LLP) stressed the importance of settlement to business relationships and the issues lawyers must navigate in helping achieve a beneficial settlement. Then, Ms. Ziyaeva asked the panel to draw on their settlement-related experiences at all stages of disputes in international commercial and investment arbitration, including the use of hybrid or ‘multi-tier’ dispute resolution clauses, the role of arbitrators in settlement talks, and issues in enforcement of settlement agreements reached in arbitration. The final Q&A culminated in lively discussions of the roles that third-party funders can play in settlement in international arbitration. The event brought this important yet little-discussed topic to the forefront of the New York international arbitration community and was an opportunity for all players in the community to share and reflect on their practices.