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Artificial Intelligence in International Commercial and Investment Arbitration

Author

Listed:
  • Maria Joao MIMOSO

    (Portucalense University; researcher at the Reserch Center Instituto JurÃŒdico Portucalense, Portugal.)

Abstract

The topic we propose to address aims to analyze the possible impacts of new technologies, especially artificial intelligence (AI), in the context of international commercial arbitration. International disputes often involve complex issues of fact and law, entailing high costs with arbitrators, lawyers, translators and witness travel. International arbitration is often criticized for the lack of transparency of arbitrators, given the inaccessibility of evidence and hearings, and also the lack of speed of the arbitration process regarding the volume of documentation to be analyzed. New technologies, such as data analysis and AI, thus constitute an important tool, both for the analysis of those complex issues, and also for minimizing costs and accelerating the process, namely, allowing remote hearings to be held and automated analysis of documents. In short, the handicaps of international arbitration can be overcome with the use of new technologies, which will lead to greater efficiency, transparency and fairness in the international dispute resolution process. We will analyze the stages of the arbitration process, from the constitution of the court to the sentence delivery, using the deductive method, seeking to demonstrate how (IA) can maximize the arbitral „iter†, contributing to a greater ethics of this alternative means of litigation resolution.

Suggested Citation

  • Maria Joao MIMOSO, 2023. "Artificial Intelligence in International Commercial and Investment Arbitration," International Investment Law Journal, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 3(2), pages 156-166, July.
  • Handle: RePEc:sja:journ1:v:3:y:2023:i:2:p:156-166
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    References listed on IDEAS

    as
    1. Melanie Arntz & Terry Gregory & Ulrich Zierahn, 2016. "The Risk of Automation for Jobs in OECD Countries: A Comparative Analysis," OECD Social, Employment and Migration Working Papers 189, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international arbitration; foreign investment; celerity; efficiency; artificial intelligence; transparency.;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process

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