Party autonomy definition

simply means that the parties should be free to select the applicable procedure for arbitration between themselves, and to select individual arbitrators if that is the agreed procedure [Redfern/Hunter, p.187; Born, p.1654; Lew/Mistelis/Kröll, p.36; Waincymer, p.985; 2012 Digest of Case Law, p.59, ¶3]. In this dispute, the Parties did exactly that: they included a specific Arbitration Agreement in their Contract, and each selected one arbitrator in accordance with that Agreement [Letter from Prof. Rizzo, p.32]. ‘Party autonomy’ was duly satisfied.

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means power given to the parties to choose the law that will govern the contract. Party autonomy enhances the predictability and certainty within the parties and also gives recognition to the parties may be in the best position to choose/select/determine the set of legal principles that will be most suitable for their contract.

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Examples of Party autonomy in a sentence

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