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1、©Mayer,Brown,RoweandMawLLPTheMidnightClause:10TrapstoAvoidinDraftingArbitrationAgreementsAWebinarJune19,2007PresentedbyWilliamH.Knull,IIIandPhilippaM.CaseyMayer,Brown,Rowe&MawLLPToday’sPresentersWilliamH.Knull,IIIisCo-ChairofMayer,Brown,Rowe&MawLLP’sInternationalArbitrationGroup.Hehasextens
2、iveexperienceintransnationalanddomesticdisputesinvolvingoilandgasrelatedmattersandhasfrequentlyservedascounselandleadcounselinarbitrationsundertheauspicesoftheAAA/ICDR,ICCandNASD,andinadhocproceedingspursuanttoUNCITRALrules.WilliamH.KnullIII,Partner,Houstonwknull@mayerbrownrowe.comPhilippaCa
3、seyisapartneratMayer,Brown,Rowe&MawLLP.Herpracticeisfocusedonactingforclientsininternationallitigationmatters,includingdisputesarisingoutofcross-bordercontracts.Sheregularlyadvisesonallaspectsoflitigationandarbitrationpracticeandprocedure,includinginrelationtotheuseofevidenceinoverseasprocee
4、dings,confidentialityissues,andthevalidityofdisputeresolutionagreements.PhilippaCasey,Partner,Londonpcasey@mayerbrownrowe.comToday’sDiscussionTentrapstoavoidwhendraftinginternationalarbitrationclausesQ&AattheendofthepresentationOperatorAssistedPress*1onyourtouch-tonedialwhenyouarereadytoaska
5、questionBriefsurveyAftercomplexnegotiations,adealisfinallytakingshapeWiththedeadlinefastapproaching,thejuniordeallawyeristoldto“addintheusualterms,”includinganarbitrationclauseRationale:Notreallynecessary:weallagreethisisagreatdealIfthereisaproblemdowntheroad,we’llfixitthenTheContextTheConte
6、xt(cont.)Fouryearslater,aseriousdisputebreaksout,andeveryonelooksatthearbitrationclauseforthefirsttimeButwiththedisputeinfullswing,bothsidescalculatetheirproceduraladvantages,andanagreementtocorrectproblemsinthedisputeresolutiontermsisimpossibleSomePotentialResultsArbitrationclauseisunenforc
7、eable,andyouarestuckinyourcounter-party’shomecourtArbitrationisheldinajurisdictionwhosecourtsFavortheotherside,orArepronetointerfereinarbitration,orDeclinetoenforcearbitralawardsKeypartiesarenotboundtoarbitrateThereasonable,cost-effectiveprocessyou