Samenvatting

An arbitrator and the parties can be confronted with an insolvent party. In such event the arbitrator will have to integrate the effects of the insolvency into the arbitration proceedings and consider several precautions in order to render a valid and enforceable award. The main principle when tackling most of these issues is the equality of creditors. Another issue can be the identification of the applicable (system of) law. The effect of the insolvency can vary considerably depending thereon. In domestic arbitration this will not be an issue. Also, when the parties all come from EU-member states, the identification of the applicable law and the effects of the insolvency are covered by the European Insolvency Regulation. But in other international disputes the relationship between bankruptcy law and arbitration can be complex and uncertain. To illustrate the difficulty of the issues the Syska Vivendi case serves as an excellent example. Finally we describe the impact on the way the arbitration is conducted by the tribunal and on the administration and supervision of the arbitration by the institution.