The noted arbitration lawyer lent his expertise to help craft an essay explaining the intricacies of international commercial arbitration.
In the autumn of 2022, renowned South African arbitration lawyer Zuko Nonxuba was approached by freelance journalist Stephanie Ross to consult on the writing of a new essay outlining the finer points of international commercial arbitration, he agreed readily, eager to share his accumulated knowledge on the subject with the public. The article, which is titled What Is International Commercial Arbitration? Zuko Nonxuba Sheds Insight, was published on September 28, 2022 by an online periodical that focuses on matters of business, finance, and technology.
In one segment of the text, Zuko gives a precise definition of international commercial arbitration for anyone who might be unfamiliar with the term, before proceeding to explain why it is a favored method of dispute resolution. “International commercial arbitration is a process whereby disputes between parties from different countries are resolved through arbitration rather than through litigation in court,” he states, elaborating, “This process has many benefits compared to other methods of resolving cross-border disputes. First, arbitration is generally quicker and less expensive than litigation. Second, it is less likely to lead to acrimonious relations between the parties involved. Third, the arbitral award is typically final and binding on the parties, meaning there is no need for lengthy and costly appeals processes. Finally, arbitral tribunals are typically composed of experts in the relevant field, which can add an extra layer of fairness and objectivity to the process.”
Further along in the essay, Zuko Nonxubo delves into great detail describing the actual step-by-step process of international commercial arbitration, writing, “First, the parties involved in the dispute agree to submit their disagreement to arbitration. This agreement can be reached before or after a dispute arises. Second, the parties select an arbitral tribunal to hear their case. This tribunal can be composed of one or more arbitrators, typically experts in the relevant field. Third, the tribunal hears evidence and arguments from both sides and renders a decision (known as an arbitral award). This award is typically final and binding on the parties. Finally, if either party is unhappy with the arbitral award, they may appeal to a court. However, such appeals are typically rare, as courts respect the awards that arbitral tribunals receive.”
Reached for comment, Zuko Nonxuba issued the following statement: “It was my great pleasure to collaborate in writing this article. Hopefully, those who read it come away with a greater knowledge and understanding of international commercial arbitration and the many ways this useful legal mechanism can resolve disputes between parties both large and small.”
Anyone wishing to read this article in its entirety will find it located here, while anyone curious to learn more about Zuko Nonxuba is encouraged to visit his professional website.
About Zuko Nonxuba:
Zuko Nonxuba is an international arbitration lawyer from Sandton, South Africa. His duties include giving expert opinion and evidence on international public law, investment law, and bilateral investment treaties between member states in the international arbitration tribunals such as the International Centre for Settlement of Investment Disputes (ICSID), which is the world's leading institution devoted to international investment dispute settlement.
In his early life, Zuko Nonxuba excelled in both academics and athletics, competing in soccer and cycling when not busy with his studies. He obtained a Bproc degree, which is a legal credential specific to South Africa, in 1998. Zuko then went on to earn a Certificate in Commercial Law in 2002, as well as a Post-Graduate Diploma in International Commercial Law in 2019, and an LLM, or Master of Laws degree, in International Commercial Law from Salford University, Manchester, United Kingdom in 2020.
Presently, Zuko Nonxuba is a third-party litigation funder currently involved in the funding of one of the biggest international arbitrations adjudicated by the International Court of Arbitration. In the past, he has given speeches in the East Africa International Conference on International Arbitration. Zuko has also given speeches in the International Chamber of Commerce (ICC), and the Africa Conference on International Arbitration, which is an institution for the resolution of international Commercial Disputes. Zuko Nonxuba is a member of International Council for Commercial Arbitration (ICCA) and an associate member of Chartered Institute of Arbitrators (CIArb) in North America.
Email: zukonon@icloud.com
Website: zukononxuba.com
Source: Zuko Nonxuba
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