logo czasopisma

Artykuły

Nr 2 (2024): Prawo i Więź Nr 2 (49) 2024

The Rise and Popularity of Arbitration in the Banking Sector in the EU

Przesłane
13 lutego 2024
Opublikowane
24-05-2024

Abstrakt

This paper aims to explain the relationship between the court and the tribunal of arbitration. This paper examines the importance of resolving disputes in the banking sector through arbitration versus regular courts’ advantages and disadvantages, especially in the banking sector of Kosovo. The paper focuses particularly on the growing popularity of arbitration in the banking sector in Kosovo, ultimately, arbitration as a dispute resolution procedure, especially disputes that are related to the obligation of the policy, extent of a loss or damage and other related issues with the terms of the insurance contract (policy). It concludes that the quick and effective resolution of disputes from the banking sector should see arbitration as the most efficient alternative for resolving disputes with greater professionalism and safety.

Bibliografia

  1. Board of the Central Bank of the Republic of Kosovo, Regulation on Arbitration Tribunal Procedures, 30 March 2017. https://bqk-kos.org/repository/docs/korniza_ligjore/english/Rregullore%20per%20Procedurat%20e%20Tribunalit%20te%20Arbitrazhit-Eng.pdf.
    Pokaż w Google Scholar
  2. Budnitz Mark E., „Arbitration of Disputes Between Consumers and Financial Institutions: a Serious Threat to Consumer Protection” Ohio State Journal on Dispute Resolution, No. 2 (1994): 267. https://readingroom.law.gsu.edu/cgi/viewcontent.cgi?article=1187&context=faculty_pub.
    Pokaż w Google Scholar
  3. Central Bank of Kosovo, Annual Report 2022, 2022. https://bqk-kos.org/publications/cbk-annual-report/?lang=en.
    Pokaż w Google Scholar
  4. Central Bank of Kosovo, Functions and Responsibilities, 2024. https://bqk-kos.org/?lang=en.
    Pokaż w Google Scholar
  5. Dafe Florence, Zoe Williams, „Banking on Courts: Financialization and the Rise of Third-Party Funding in Investment Arbitration” Review of International Political Economy, No. 5 (2021): 1362-1384. https://doi.org/10.1080/09692290.2020.1764378.
    Pokaż w Google Scholar
  6. Daly Joseph L., „Arbitration: The Basics” Journal of American Arbitration, 5 (2006): 1. https://ssrn.com/abstract=1947042.
    Pokaż w Google Scholar
  7. del Rio A. Oscar Ruiz, „Arbitration Clauses in International Loans” Journal of International Arbitration, 4 (1987): 45. https://heinonline.org/HOL/LandingPage?handle=hein.kluwer/jia0004&div=37&id=&page=.
    Pokaż w Google Scholar
  8. Fons Manuel Penades, „The Effectiveness of EU Law and Private Arbitration” Common Market Law Review, Bo. 4 (2020): 1069-1106. https://doi.org/10.54648/cola2020716.
    Pokaż w Google Scholar
  9. Freeman James, „The Use of Arbitration in the Financial Services Industry” Business Law International, 16 (2015): 77.
    Pokaż w Google Scholar
  10. Han Irene, „Rethinking the Use of Arbitration Clauses by Financial Institutions” Journal of International Arbitration, No. 2 (2017): 207-237. https://doi.org/10.54648/joia2017012.
    Pokaż w Google Scholar
  11. Hatami Alamdari Bahar, „The Emerging Popularity of International Arbitration in Banking and Financial Sector–Is this a Fashionable Trend or a Viable Replacement?. Doctoral thesis, University of London, 2016.
    Pokaż w Google Scholar
  12. Hodges Paula, Hannah Ambrose, Use of Arbitration in the Banking and Finance Sector (Part 1): Lcia Statistics Show Growth. Herbert Smith Freehills, 2022. https://hsfnotes.com/arbitration/2022/05/19/use-of-arbitration-in-the-banking-and-finance-sector-part-1-lcia-statistics-show-growth/.
    Pokaż w Google Scholar
  13. Horn Norbert, „The Development of Arbitration in International Financial Transactions” Arbitration International, No. 3 (2014): 279-296. https://doi.org/10.1023/A:1008947319883.
    Pokaż w Google Scholar
  14. Kagan Robert A., „Should Europe Worry About Adversarial Legalism?” Oxford Journal of Legal Studies, No. 2 (1997): 165-183. https://doi.org/10.1093/ojls/17.2.165.
    Pokaż w Google Scholar
  15. Meijer Gerard J., Richard H. Hansen, „Arbitration and Financial Services”, [in:] Controlling Capital. Public and Private Regulation of Financial Markets, ed. Nicholas Dorn. 193-209. London: Routledge, 2016.
    Pokaż w Google Scholar
  16. Odermatt Jed, „The Court of Justice of the European Union and International Dispute Settlement: Conflict, Cooperation and Coexistence” Cambridge Yearbook of European Legal Studies, 24 (2022): 88-110. https://doi.org/10.1017/cel.2022.9.
    Pokaż w Google Scholar
  17. Ollivier Nicolas, Caroline dos Santos, „Banking and Finance Disputes: to Arbitrate or not to Arbitrate, that is the Question” Schweizerische Zeitschrift für Wirtschafts-und Finanzmarktrecht/SZW, 4 (2020): 449-459. https://www.lalive.law/wp-content/uploads/2020/12/06_SZW_2020_04_Ollivier_DosSantos_SZW-Link-1.pdf.
    Pokaż w Google Scholar
  18. Park William W., „Arbitration in banking and finance” Arbitration in Banking and Finance, 17 (1998): 213. https://heinonline.org/HOL/LandingPage?handle=hein.journals/annrbfl17&div=6&id=&page=.
    Pokaż w Google Scholar
  19. „Potential of banking sector in Kosovo: Challenges and Opportunities” The Kosovo Banker, No. 16 (2019): 1-52. https://www.bankassoc-kos.com/uploads/files/2019/December/11/20_-_The_Kosovo_Banker_Nr._16_-_ENG_-_02_-_WEB1576077890.pdf.
    Pokaż w Google Scholar
  20. Rosas Allan, „The EU and international dispute settlement” Europe and the World: A law review, No. 1 (2017): 1-29. https://doi.org/10.14324/111.444.ewlj.2017.03.
    Pokaż w Google Scholar
  21. Stipanowich Thomas J., Amy J. Schmitz, Arbitration. Boston: Aspen Publishing, 2022.
    Pokaż w Google Scholar
  22. Tasnim Ahmed, „The CJEU and the Introduction of International Dispute Settlement Mechanisms within the EU: Is Alternative Dispute Resolution in the EU in safe hands?” Pepperdine Dispute Resolution Law Journal, 22 (2022): 491. https://digitalcommons.pepperdine.edu/cgi/viewcontent.cgi?article=1507&context=drlj.
    Pokaż w Google Scholar

Downloads

Download data is not yet available.