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A quarter of a century since the ""Yearbook Commercial Arbitration"" first appeared, it has become the leading annual publication in the field of international commercial arbitration. Published under the auspices of the International Council for Commercial Arbitration and edited by Professor Albert Jan van den Berg, the millennium edition of the Yearbook contains 1314 pages of vital information on the law and practice of arbitration.;Part II-A on Arbitral Awards contains a broad selection of both ad hoc arbitral awards made under the UNCITRAL Rules and institutional arbitral awards emanating from international arbitral institutions such as the ICC and ICSID, as well as several national arbitral institutions. For the first time in Yearbook history, Court of Arbitration for Sport (CAS) awards are reported. Court decisions on arbitration from far-reaching geographic locations - Argentina, France, Germany, The Netherlands, Pakistan, Switzerland, and the United States - are presented in Part II-B.;Part II-C closes with coverage of court decisions from Canada, Hungary, and Zimbabwe applying the UNCITRAL Model Law, reproduced from UNCITRAL's own publication, CLOUT, and augmented by an Index of Articles of the Model Law. Upholding a long-standing commitment to provide information on the latest developments in arbitration, Volume XXV reproduces in Part III-A new rules established by the Chartered Institute of Arbitrators, the Hungarian Chamber of Commerce and Industry and the London Court of International Arbitration. An update on changes in arbitration law and practice in Greece, Indonesia, Korea, and Nepal follows in Part IV. A record number of court decisions on the 1958 New York Convention from around the world reflects the increasing importance of this instrument.;Of the 67 decisions excerpted in Part V-A, 51 decisions originated from the United States. Diverse issues covered in these decisions include attempts to enforce awards set aside in the country of origin, and the determination of the moment when an award becomes final, for the purpose of fiscal accounting. Three US court decisions applying the 1975 Panama Convention are excerpted in Part V-D, reflecting the growing importance of this Convention. To underline the importance of sharing knowledge in this information age, a Directory of Arbitration Websites is presented in Part VI. Yearbook XXV concludes with an extensive bibliography of books and journals on arbitration and ADR.