Parallel Proceedings and Anti-Arbitration Injunction

摘要

Parallel proceedings refer to the undesirable situation in cross-border actions where more than one forum is seised to hear the same or related disputes between the same or related parties. The existence of parallel proceedings stems from the fact that more than one authority has the competence to decide the same dispute and sufficient co-operation between different authorities in international commerce is lacking. Parallel proceedings lead to extra cost and inconvenience, waste of judicial resources and possible irreconcilable judgments.