| Abstract [eng] |
UNCITRAL Model Law on International Commercial Arbitration: Causes, Advantages and Disadvantages This master thesis discusses regulation of arbitration process, provides the analysis of documents made by UNCITRAL, provisions of Model Law on International Commercial Arbitration and case law, distinguishes causes, advantages and disadvantages of Model Law on International Commercial Arbitration and reveals its essence. Main objectives of this paper are to show relevant analysis, to identify advantages and problematic areas and give suggestions for potential ways of how to solve identified issues. Also, to provide assessment of provisions of the Republic of Lithuania Law on Commercial Arbitration governing the arbitration process and to evaluate its conformity with provisions of Model Law on International Commercial Arbitration. Master thesis is divided into three chapters. Chapter one seeks to reveal regulatory developments of arbitration process, history of preparation of Model Law on International Commercial Arbitration and to identify the main causes of its rise. Second chapter discusses separate provisions of Model Law on International Commercial Arbitration, seeks to reveal main features of it and to identify the advantages of this law. Third chapter identifies problematic provisions of Model Law on International Commercial Arbitration, gives suggestions for potential ways of how to solve identified issues. In all chapters provisions of Model Law on International Commercial Arbitration are parallel compared with the Republic of Lithuania Law on Commercial Arbitration provisions, evaluates its conformity and reveals specific features of Lithuanian law governing the arbitration process. At the end of the paper author makes conclusions and proposals concerning main problems raised in all three chapters. |
