{"id":389454,"date":"2026-07-05T10:00:17","date_gmt":"2026-07-05T04:30:17","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=389454"},"modified":"2026-07-04T18:44:14","modified_gmt":"2026-07-04T13:14:14","slug":"predictability-drives-arbitration-decisions-iac-eurasia-arbitration-week-2026","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/07\/05\/predictability-drives-arbitration-decisions-iac-eurasia-arbitration-week-2026\/","title":{"rendered":"Predictability, commercial strategy and enforceability drive arbitration decisions: Key takeaways from in-house counsel at IAC Eurasia Arbitration Week 2026"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">The panel discussion on Day 2 of the International Arbitration Centre (IAC) Eurasia Arbitration Week 2026, titled <span style=\"font-weight: bold;\">&#8220;Arbitration from the Inside: What In-house Counsel Really Want&#8221;<\/span>, shifted the focus from arbitral institutions and procedural rules to the expectations of those who ultimately instruct lawyers, manage commercial disputes, and decide whether disputes should proceed to arbitration at all.<\/p>\n<p style=\"margin-bottom: 3%;\">Moderated by <span style=\"font-weight: bold;\">Jeff Erlich<\/span>, Executive Director of the American Chamber of Commerce in Kazakhstan, the session brought together both corporate legal leaders and external practitioners to discuss how arbitration can better serve modern businesses.<\/p>\n<p style=\"margin-bottom: 3%;\">The panel featured <span style=\"font-weight: bold;\">Artem Timoshenko<\/span>, Managing Partner, Unicase; <span style=\"font-weight: bold;\">Elyar Aliyev<\/span>, Vice President Legal (Azerbaijan, Georgia and T&uuml;rkiye), bp; <span style=\"font-weight: bold;\">Samir Abdullayev<\/span>, Legal Director, Western &amp; Central Asia, ALSTOM; <span style=\"font-weight: bold;\">Zmarak Khan<\/span>, Deputy Chief Counsel, Commercial Law Development Program (CLDP) and <span style=\"font-weight: bold;\">Ravil Kassilgov<\/span>, Managing Partner, KP Disputes.<\/p>\n<p style=\"margin-bottom: 3%;\">Throughout the discussion, the speakers repeatedly emphasised that businesses do not measure success by legal victories alone. Instead, they expect arbitration to support commercial objectives, preserve relationships, manage risk, provide predictable outcomes and ultimately help companies make informed business decisions.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">In-house counsel operates at the intersection of law, finance, business and reputation<\/p>\n<p style=\"margin-bottom: 3%; text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-1.jpg\" alt=\"\" width=\"684\" height=\"480\" class=\"aligncenter size-full wp-image-389457\" srcset=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-1.jpg 684w, https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-1-300x211.jpg 300w, https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-1-60x42.jpg 60w\" sizes=\"auto, (max-width: 684px) 100vw, 684px\" \/><\/p>\n<p style=\"margin-bottom: 3%;\">Opening the discussion, moderator Jeff Erlich asked a simple but fundamental question:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;What do in-house counsel really want?&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">Responding first, <span style=\"font-weight: bold;\">Samir Abdullayev<\/span> explained that corporate legal departments function very differently from external law firms.<\/p>\n<p style=\"margin-bottom: 3%;\">According to him, in-house lawyers work simultaneously across legal, commercial, financial and reputational dimensions. Unlike external counsel, they cannot evaluate disputes purely from a legal perspective because senior management expects them to explain not merely whether the company has a strong legal case but also what the dispute means commercially.<\/p>\n<p style=\"margin-bottom: 3%; text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-2.jpg\" alt=\"\" width=\"800\" height=\"595\" class=\"aligncenter size-full wp-image-389458\" \/><\/p>\n<p style=\"margin-bottom: 3%;\">He observed:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;In-house counsels operate at the intersection of law, finance, business, and reputation.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">Consequently, corporate lawyers must constantly balance legal advice with business realities while operating under significant pressure from internal stakeholders and business leadership.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Predictability matters more than anything else<\/p>\n<p style=\"margin-bottom: 3%;\">According to Abdullayev, the single most important expectation of in-house counsel is predictability, beginning from the very first day a dispute arises.<\/p>\n<p style=\"margin-bottom: 3%;\">He identified three principal dimensions of predictability.<\/p>\n<p style=\"margin-bottom: 3%;\">The first is cost predictability, where companies require visibility regarding legal fees, tribunal costs, institutional expenses, hearing costs and eventual enforcement costs before deciding how to proceed.<\/p>\n<p style=\"margin-bottom: 3%;\">The second is timeline predictability, allowing businesses to understand procedural milestones and estimate when a final award may realistically be expected.<\/p>\n<p style=\"margin-bottom: 3%;\">The third is risk predictability, which includes evaluating the likelihood of success, financial exposure and prospects for settlement.<\/p>\n<p style=\"margin-bottom: 3%;\">He stressed that without clarity on these issues, businesses cannot formulate an appropriate dispute strategy. According to Abdullayev, predictability ultimately allows arbitration to function as a commercial management tool rather than becoming another source of uncertainty.<\/p>\n<p style=\"margin-bottom: 3%;\">He remarked:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;Predictability helps to maintain arbitration as a business tool rather than a source of uncontrolled disruption.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">When asked whether external lawyers generally meet these expectations, Abdullayev estimated that they succeed roughly seven or eight out of ten times.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Businesses ask only three questions when disputes arise<\/p>\n<p style=\"margin-bottom: 3%;\">Offering the perspective of one of the world&#8217;s largest energy companies, <span style=\"font-weight: bold;\">Elyar Aliyev<\/span> explained that in-house lawyers today are fully integrated into commercial decision-making.<\/p>\n<p style=\"margin-bottom: 3%; text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-3.jpg\" alt=\"\" width=\"800\" height=\"596\" class=\"aligncenter size-full wp-image-389459\" \/><\/p>\n<p style=\"\">He noted that whenever disputes begin emerging, business leaders invariably ask their legal departments three fundamental questions:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\n<p>What are our chances of winning or losing?<\/p>\n<\/li>\n<li>\n<p>How long will the dispute take?<\/p>\n<\/li>\n<li>\n<p style=\"margin-bottom: 3%;\">How much will it cost?<\/p>\n<\/li>\n<\/ul>\n<p style=\"margin-bottom: 3%;\">According to Aliyev, the answers to these three questions largely determine whether businesses pursue arbitration, negotiate a settlement or explore alternative commercial solutions. He described speed, cost and predictability as arbitration&#8217;s perpetual trinity and explained that external counsel play a crucial role in helping businesses answer each of those questions realistically.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Legal advice must account for commercial relationships<\/p>\n<p style=\"margin-bottom: 3%;\">Aliyev emphasised that legal merits alone rarely determine how multinational companies resolve disputes.<\/p>\n<p style=\"margin-bottom: 3%;\">Speaking from BP&#8217;s perspective, he explained that the company places exceptional value upon long-term commercial relationships, not only with governments but also with suppliers, joint venture partners and outside counsel.<\/p>\n<p style=\"margin-bottom: 3%;\">Accordingly, external lawyers are expected to develop strategies that reflect both legal strengths and broader commercial realities. He observed that arbitration is not automatically the preferred solution simply because a company possesses strong legal arguments.<\/p>\n<p style=\"margin-bottom: 3%;\">Instead, businesses may choose settlement, commercial compromise or alternative approaches where preserving valuable commercial relationships better serves long-term interests.<\/p>\n<p style=\"margin-bottom: 3%;\">He explained:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;We pride ourselves being a company that values relationships a lot.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">Consequently, legal advice must evaluate legal merits alongside business relationships, commercial leverage and wider strategic considerations before recommending arbitration.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Cost management begins with building the right legal team<\/p>\n<p style=\"margin-bottom: 3%;\">Aliyev further explained that controlling arbitration costs depends significantly upon assembling an appropriately balanced legal team.<\/p>\n<p style=\"margin-bottom: 3%;\">Rather than assigning every aspect of a dispute to senior partners, businesses increasingly expect law firms to combine experienced leadership with capable younger lawyers who can perform much of the substantive work more efficiently.<\/p>\n<p style=\"margin-bottom: 3%;\">Early discussions regarding staffing, budgeting and litigation strategy, he suggested, help prevent arbitration from becoming disproportionately expensive while maintaining high-quality legal representation.<\/p>\n<p style=\"margin-bottom: 3%;\">He also stressed the importance of selecting disciplined arbitrators capable of actively managing proceedings and preventing unnecessary procedural delays.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Winning means nothing if the award cannot be enforced<\/p>\n<p style=\"margin-bottom: 3%;\">Another priority identified by Aliyev was enforceability. According to him, enforcement should never become an afterthought once arbitration concludes. Instead, businesses should evaluate enforceability before deciding whether arbitration is commercially worthwhile.<\/p>\n<p style=\"margin-bottom: 3%;\">He observed that there is little value in pursuing lengthy proceedings if there are no realistic prospects of successfully enforcing the resulting award against the opposing party.<\/p>\n<p style=\"margin-bottom: 3%;\">Accordingly, enforceability assessments should form part of the dispute strategy from its earliest stages rather than only after a favourable award has been obtained.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">External counsel must understand business, not just the law<\/p>\n<p style=\"margin-bottom: 3%;\">Responding to the perspectives shared by the in-house counsel, <span style=\"font-weight: bold;\">Ravil Kassilgov<\/span>, Managing Partner, KP Disputes, agreed that clients today expect considerably more than technical legal advice from their external lawyers.<\/p>\n<p style=\"margin-bottom: 3%; text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-4.jpg\" alt=\"\" width=\"637\" height=\"481\" class=\"aligncenter size-full wp-image-389460\" srcset=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-4.jpg 637w, https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-4-300x227.jpg 300w, https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-4-60x45.jpg 60w\" sizes=\"auto, (max-width: 637px) 100vw, 637px\" \/><\/p>\n<p style=\"margin-bottom: 3%;\">Reflecting on his own experience, Kassilgov admitted that early in his career he believed clients primarily sought legal analysis. Over time, however, he realised that legal analysis merely initiates the conversation, while businesses ultimately expect lawyers to assist them in making commercial decisions.<\/p>\n<p style=\"margin-bottom: 3%;\">He remarked:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;The clients really need confidence, decision-making. That&#8217;s all about business.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">According to Kassilgov, external counsel must understand the client&#8217;s business, communicate legal risks clearly and exercise sound commercial judgment. He observed that lawyers who focus on solving business problems, rather than merely legal questions, become far more valuable advisers.<\/p>\n<p style=\"margin-bottom: 3%;\">Highlighting how legal professionals develop, he noted that within his own firm associates begin to distinguish themselves when they shift &#8220;from solving legal tasks, legal puzzles, to actually resolving the client&#8217;s business problem.&#8221;<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Good in-house counsel bridge management and external lawyers<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Artem Timoshenko<\/span>, Managing Partner, Unicase, observed that although the discussion largely focused on ordinary commercial disputes, many situations confronting businesses are significantly more complex.<\/p>\n<p style=\"margin-bottom: 3%; text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-5.jpg\" alt=\"\" width=\"818\" height=\"509\" class=\"aligncenter size-full wp-image-389461\" srcset=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-5.jpg 818w, https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-5-300x187.jpg 300w, https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-5-768x478.jpg 768w, https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-5-60x37.jpg 60w\" sizes=\"auto, (max-width: 818px) 100vw, 818px\" \/><\/p>\n<p style=\"margin-bottom: 3%;\">He explained that criminal investigations, regulatory proceedings and other corporate crises fundamentally alter the priorities of dispute resolution. In such cases, procedural issues such as speed and cost become secondary to protecting the business and managing legal risks.<\/p>\n<p style=\"margin-bottom: 3%;\">As he put it:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;It is not a question of the speed and cost. It is a question of the strategy.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">According to Timoshenko, one of the most challenging responsibilities of in-house counsel is connecting external lawyers with senior management while continuously evaluating business risks and advising company leadership on the appropriate course of action.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">U.S. Department of Commerce promotes arbitration to strengthen commercial certainty<\/p>\n<p style=\"margin-bottom: 3%;\">Providing the governmental perspective, <span style=\"font-weight: bold;\">Zmarak Khan<\/span>, Deputy Chief Counsel, CLDP, United States Department of Commerce, explained why the U.S. Government actively supports arbitration and alternative dispute resolution around the world.<\/p>\n<p style=\"margin-bottom: 3%; text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/07\/10_Key-takeaways-from-in-house-counsel-at-IAC-Eurasia-Arbitration-Week-2026-6.jpg\" alt=\"\" width=\"800\" height=\"565\" class=\"aligncenter size-full wp-image-389462\" \/><\/p>\n<p style=\"margin-bottom: 3%;\">He clarified that the Department of Commerce focuses on promoting commercial legal reform, market access, institutional development and stronger dispute resolution mechanisms that facilitate international investment.<\/p>\n<p style=\"margin-bottom: 3%;\">According to Khan, foreign investors rely almost entirely upon contractual protections when operating abroad. Effective enforcement of those contracts therefore becomes critical for international business.<\/p>\n<p style=\"margin-bottom: 3%;\">He explained:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;A contract is as good as the ability to enforce that contract efficiently, effectively, equitably and transparently.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">He noted that CLDP currently works in nearly one hundred countries to improve commercial legal systems that benefit both host countries and foreign investors.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Global partnerships significantly expand ADR initiatives<\/p>\n<p style=\"margin-bottom: 3%;\">Khan highlighted the scale of CLDP&#8217;s international partnerships, explaining that the organisation works closely with U.S. federal judges, more than seventy American law firms, leading universities including Harvard, Georgetown and Columbia, arbitral institutions, mediation centres and numerous international experts.<\/p>\n<p style=\"margin-bottom: 3%;\">Referring to a recent ADR conference organised in Istanbul, he stated that although the programme itself cost approximately US$1 million, its actual value was considerably higher because many professionals contributed their expertise without charge. He noted that one law firm alone provided nearly US$1.5 million worth of pro bono legal services.<\/p>\n<p style=\"margin-bottom: 3%;\">According to Khan, these partnerships substantially expand the reach and effectiveness of commercial law reform initiatives worldwide.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Three priorities guide CLDP&#8217;s arbitration initiatives<\/p>\n<p style=\"margin-bottom: 3%;\">Khan explained that CLDP&#8217;s work focuses on three principal objectives.<\/p>\n<p style=\"margin-bottom: 3%;\">The first is improving legal and regulatory frameworks governing arbitration. The second is strengthening judicial understanding of the recognition and enforcement of foreign arbitral awards. The third is supporting financially sustainable local arbitral institutions capable of resolving commercial disputes effectively.<\/p>\n<p style=\"margin-bottom: 3%;\">Illustrating the importance of legal reform, he recalled advising a government that proposed requiring foreign investors to submit disputes exclusively before domestic courts. Such an approach, he explained, would discourage foreign investment because international businesses generally expect access to neutral arbitration mechanisms.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Building an effective arbitration ecosystem<\/p>\n<p style=\"margin-bottom: 3%;\">Discussing institutional development, Khan explained that CLDP works closely with judicial academies, including Kazakhstan&#8217;s Judicial Academy, to improve judges&#8217; understanding of arbitration and enforcement of arbitral awards.<\/p>\n<p style=\"margin-bottom: 3%;\">Beyond judicial education, the organisation also collaborates with universities, bar associations, business organisations, arbitration centres and mediation institutions to strengthen the broader dispute resolution ecosystem.<\/p>\n<p style=\"margin-bottom: 3%;\">He emphasised that local arbitration centres remain indispensable for resolving smaller commercial disputes that are often unsuitable for major international arbitral institutions because of cost considerations.<\/p>\n<p style=\"margin-bottom: 3%;\">Summarising CLDP&#8217;s broader approach, Khan observed:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;We support the whole thing. It&#8217;s a very holistic approach to ensure that the local institutions and the local ecosystem exists in support of effective, efficient, and transparent dispute resolution.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">According to him, strengthening legal institutions, judicial capacity, arbitral centres and professional training together creates an arbitration ecosystem capable of supporting commercial confidence and long-term investment.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Companies should evaluate relationships, value and enforceability before choosing arbitration<\/p>\n<p style=\"margin-bottom: 3%;\">Turning to the question of when businesses decide to arbitrate rather than negotiate or mediate, moderator <span style=\"font-weight: bold;\">Jeff Erlich<\/span> asked the panellists how companies determine the most appropriate dispute resolution strategy.<\/p>\n<p style=\"margin-bottom: 3%;\">Responding, <span style=\"font-weight: bold;\">Elyar Aliyev<\/span> explained that there is no single formula. Every dispute requires balancing commercial considerations alongside legal merits.<\/p>\n<p style=\"margin-bottom: 3%;\">According to him, the first consideration is the relationship between the parties. As a company that operates long-term projects across multiple jurisdictions, bp places significant value on preserving relationships with governments, business partners and stakeholders. Consequently, arbitration may not always be the preferred first option.<\/p>\n<p style=\"margin-bottom: 3%;\">He explained that companies also assess the amount in dispute, the likely costs of proceedings, the probability of success and the potential commercial outcome before deciding whether arbitration is justified.<\/p>\n<p style=\"margin-bottom: 3%;\">Aliyev observed that businesses also rely heavily upon external counsel at this stage, expecting them to recommend not merely whether arbitration is legally available, but whether it represents the most commercially sensible strategy.<\/p>\n<p style=\"margin-bottom: 3%;\">He remarked that experienced law firms understand the broader commercial context and are therefore able to propose solutions that optimise both time and costs while preserving long-term relationships.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">An arbitral award is valuable only if it can be enforced<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Artem Timoshenko<\/span> cautioned against pursuing arbitration without first considering enforcement.<\/p>\n<p style=\"margin-bottom: 3%;\">Illustrating the point through a practical example, he described a situation where a debtor acknowledges liability and proposes repayment through instalments, while the creditor insists on immediate recovery through litigation.<\/p>\n<p style=\"margin-bottom: 3%;\">According to Timoshenko, pursuing arbitration may ultimately result in months of proceedings followed by an arbitral award that proves impossible to enforce because the respondent possesses no recoverable assets.<\/p>\n<p style=\"margin-bottom: 3%;\">He observed that parties often become overly focused on obtaining favourable awards while neglecting practical recovery strategies.<\/p>\n<p style=\"margin-bottom: 3%;\">As he explained:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;You need to understand what you will have at the end of the day.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">He further noted that many disputes conclude with &#8220;the paper award&#8221; but without any realistic strategy for enforcement.<\/p>\n<p style=\"margin-bottom: 3%;\">Timoshenko also expressed support for mediation, praising the Astana International Financial Centre&#8217;s (AIFC) <span style=\"font-weight: bold;\">Mediation Rules<\/span> and observing that combining mediation with arbitration offers businesses a more effective mechanism for resolving disputes before they escalate into lengthy proceedings.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Panellists recommend greater efficiency, stronger institutions and expedited procedures<\/p>\n<p style=\"margin-bottom: 3%;\">Towards the conclusion of the session, <span style=\"font-weight: bold;\">Jeff Erlich<\/span> invited each speaker to suggest one improvement that could strengthen modern dispute resolution.<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\n<p><span style=\"font-weight: bold;\">Efficiency through proportionality<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Samir Abdullayev<\/span> argued that arbitration proceedings frequently become unnecessarily complex because tribunals sometimes treat relatively straightforward disputes with disproportionate procedural formality.<\/p>\n<p style=\"margin-bottom: 3%;\">According to him, tribunals, counsel and parties should assess each dispute proportionately to its commercial significance.<\/p>\n<p style=\"margin-bottom: 3%;\">He suggested that greater procedural proportionality would shorten proceedings, reduce costs and make arbitration more attractive to businesses.<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\n<p><span style=\"font-weight: bold;\">Addressing &#8220;pocket arbitrations&#8221;<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Ravil Kassilgov<\/span> highlighted another challenge affecting domestic arbitration practice.<\/p>\n<p style=\"margin-bottom: 3%;\">He warned that so-called &#8220;captured&#8221; or &#8220;pocket&#8221; arbitral institutions continue to operate in certain jurisdictions, issuing awards that undermine confidence in arbitration.<\/p>\n<p style=\"margin-bottom: 3%;\">Although acknowledging that no immediate solution exists, he stressed that addressing such institutions should become a priority because they cause significant harm to local businesses and the credibility of arbitration itself.<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\n<p><span style=\"font-weight: bold;\">Expedited arbitration clauses should be drafted in advance<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Artem Timoshenko<\/span> recommended wider use of expedited arbitration procedures.<\/p>\n<p style=\"margin-bottom: 3%;\">He suggested that parties should include monetary thresholds directly within arbitration clauses so that disputes below a specified value automatically proceed under expedited procedures.<\/p>\n<p style=\"margin-bottom: 3%;\">According to him, once disputes arise, parties often become unwilling to agree upon shorter procedures.<\/p>\n<p style=\"margin-bottom: 3%;\">Embedding expedited mechanisms into arbitration agreements from the outset therefore provides greater certainty and procedural efficiency.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Businesses expect external counsel to become genuine business partners<\/p>\n<p style=\"margin-bottom: 3%;\">During the audience discussion, one participant asked how much trust in-house counsel place in their external lawyers.<\/p>\n<p style=\"margin-bottom: 3%;\">Responding, <span style=\"font-weight: bold;\">Samir Abdullayev<\/span> explained that companies generally engage reputable law firms and therefore begin relationships from a position of trust.<\/p>\n<p style=\"margin-bottom: 3%;\">However, businesses increasingly expect external lawyers to function as commercial partners rather than simply legal advisers.<\/p>\n<p style=\"margin-bottom: 3%;\">He remarked:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;We expect from them to be closer to the business. To be not simply legal advisors, but to be business partners in reality.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">According to him, companies become frustrated when they receive lengthy legal memoranda without practical recommendations identifying the preferred commercial course of action.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Poor drafting remains one of the principal causes of disputes<\/p>\n<p style=\"margin-bottom: 3%;\">Another audience member asked how much attention companies pay to dispute resolution clauses during contract drafting.<\/p>\n<p style=\"margin-bottom: 3%;\">Responding, <span style=\"font-weight: bold;\">Elyar Aliyev<\/span> observed that many disputes arise because lawyers fail to involve dispute resolution specialists while drafting commercial agreements.<\/p>\n<p style=\"margin-bottom: 3%;\">He advised transactional lawyers to consult arbitration practitioners not only when drafting arbitration clauses but also while negotiating provisions such as force majeure and other clauses that frequently become the subject of future disputes.<\/p>\n<p style=\"margin-bottom: 3%;\">He recommended:<\/p>\n<p style=\"margin-bottom: 3%; margin-left: 36pt; font-weight: bold;\">&#8220;Please reach out to dispute resolution lawyers and take that advice early on because that may help you to either avoid disputes or actually have it managed in a normal way.&#8221;<\/p>\n<p style=\"margin-bottom: 3%;\">According to Aliyev, involving dispute lawyers during contract negotiations can substantially reduce future disputes while improving dispute management if disagreements eventually arise.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Business judgment develops by understanding the client&#8217;s business<\/p>\n<p style=\"margin-bottom: 3%;\">Responding to a question about developing commercial awareness, <span style=\"font-weight: bold;\">Ravil Kassilgov<\/span> explained that business judgment develops gradually but can be accelerated by actively learning how clients operate.<\/p>\n<p style=\"margin-bottom: 3%;\">He encouraged lawyers to ask questions not only of legal departments but also of management, human resources personnel and operational teams in order to understand the client&#8217;s commercial objectives.<\/p>\n<p style=\"margin-bottom: 3%;\">Moderator <span style=\"font-weight: bold;\">Jeff Erlich<\/span>, speaking from the perspective of a client rather than a lawyer, agreed. He observed that businesses often become frustrated when lawyers answer legal questions that were never asked instead of addressing the client&#8217;s actual commercial concerns, such as protecting relationships or minimising reputational damage. According to Erlich, effective lawyers first listen carefully to what clients actually need before proposing legal solutions.<\/p>\n<p style=\"margin-bottom: 2%; text-align: center; font-weight: bold;\">Third-party funding is becoming increasingly common<\/span><\/p>\n<p style=\"margin-bottom: 3%;\">The final audience question concerned the growing role of third-party funding in arbitration.<\/p>\n<p style=\"margin-bottom: 3%;\">Responding, <span style=\"font-weight: bold;\">Artem Timoshenko<\/span> acknowledged that third-party funding is becoming increasingly common, particularly in investment arbitration.<\/p>\n<p style=\"margin-bottom: 3%;\">Although noting that the subject deserved an independent discussion, he explained that third-party funding enables parties lacking sufficient financial resources to pursue complex international claims while sharing litigation risks with specialist funders.<\/p>\n<p style=\"margin-bottom: 3%;\">He described it as &#8220;an additional option&#8221; that increasingly reflects the realities of modern international dispute resolution.<\/p>\n<p style=\"font-weight: bold;\">Conclusion<\/p>\n<p style=\"margin-bottom: 3%;\">Throughout the discussion, the panellists consistently emphasised that successful arbitration today depends upon much more than legal expertise alone.<\/p>\n<p style=\"margin-bottom: 3%;\">Corporate users increasingly expect external counsel to understand commercial objectives, provide realistic strategic advice, control costs, preserve valuable business relationships and ensure that any award obtained can ultimately be enforced.<\/p>\n<p style=\"margin-bottom: 3%;\">The session concluded that arbitration functions most effectively when lawyers combine legal excellence with business judgment, practical strategy and a thorough understanding of their clients&#8217; commercial priorities.<\/p>\n<p style=\"font-weight: bold;\">Read more IAC Eurasia Arbitration Week 2026 coverage:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\n<p><a href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/07\/02\/iac-eaw26-kickstarts-with-notable-addresses-at-the-opening-ceremony\/\" target=\"_blank\">&#8216;A haven of legal peace in a world that gets more complex by the minute&#8217;: IAC Eurasia Arbitration Week 2026 opens in Astana with calls for stronger institutions and independent dispute resolution<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/07\/02\/gary-born-international-arbitration-past-present-future-eurasian-arbitration-week-2026\/\" target=\"_blank\">Gary Born on the past, present and future of International Arbitration at IAC Eurasia Arbitration Week 2026<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/07\/02\/international-arbitration-in-eurasia-iac-eaw-2026\/\" target=\"_blank\">&#8220;AIFC Court and IAC is our shortcut to the rule of law&#8221;: Panel on arbitration, legal traditions and institutional development at IAC Eurasia Arbitration Week 2026<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/07\/03\/cross-border-ma-disputes-discussed-at-iac-eurasia-arbitration-week-2026\/\" target=\"_blank\">Cross-border M&amp;A disputes require dispute architecture, not just arbitration: Experts discuss at IAC Eurasia Arbitration Week 2026<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/07\/03\/justice-margarita-odintsova-justice-aigul-kydyrbayeva-iac-eurasia-arbitration-week-2026\/\" target=\"_blank\">Ushering new era of Kazakhstan&#8217;s legal system: Justice Margarita Odintsova and Justice Aigul Kydyrbayeva deliver notable addresses at IAC Eurasia Arbitration Week 2026<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/07\/03\/lawrence-teh-singapore-arbitration-eurasian-arbitration-week-2026\/\" target=\"_blank\">&#8216;Commercial certainty, rule of law and cultural understanding will shape arbitration&#8217;s future&#8217;: Lawrence Teh shares Singapore&#8217;s journey at IAC Eurasia Arbitration Week 2026<\/a><\/p>\n<\/li>\n<li>\n<p style=\"margin-bottom: 3%;\"><a href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/07\/04\/queen-mary-international-arbitration-survey-discussed-at-iac-eurasia-arbitration-week-2026\/\" target=\"_blank\">&#8216;Asia is becoming a superpower of disputes&#8217;: Prof. Loukas Mistelis highlights global arbitration trends at IAC Eurasia Arbitration Week 2026<\/a><\/p>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Corporate counsel and arbitration practitioners at IAC Eurasia Arbitration Week 2026 examined what businesses truly expect from arbitration, stressing predictability, commercial awareness, enforceability, effective contract drafting, mediation and stronger collaboration between in-house and external counsel.<\/p>\n","protected":false},"author":67537,"featured_media":389455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107256,97664,107243],"tags":[109000,29543,48625,29578,108987,108995,108991,108996,32843,108999,108997,75437,108593,108990,67088,108998,108994,108594,105756,91803,108591,109001,108988,108791,3740,108992,108989,29577,108993],"class_list":["post-389454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eurasia-arbitration-week","category-events-collaborations","category-international","tag-aifc-arbitration","tag-alternative-dispute-resolution","tag-arbitration-clauses","tag-arbitration-costs","tag-arbitration-from-the-inside-what-in-house-counsel-really-want","tag-arbitration-strategy","tag-artem-timoshenko","tag-business-judgment","tag-commercial-arbitration","tag-contract-drafting","tag-cost-predictability","tag-cross-border-arbitration","tag-eaw26","tag-elyar-aliyev","tag-enforcement-of-arbitral-awards","tag-expedited-arbitration","tag-external-counsel","tag-iac-eaw26","tag-iac-eurasia-arbitration-week-2026","tag-in-house-counsel","tag-international-arbitration-centre","tag-international-commercial-dispute-resolution","tag-jeff-erlich","tag-kazakhstan-arbitration","tag-mediation","tag-ravil-kassilgov","tag-samir-abdullayev","tag-third-party-funding","tag-zmarak-khan"],"yoast_head":"<!-- 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