They actually happened as a result of
arbitration awards made in connection with fee disputes in different parts of the country.
Whilst there are no league tables or rankings as to which states, or companies, are the best or worst at paying out on
arbitration awards made against them, it is clear that non-payment of an award is not unique to developing economies or any one industry.
(a) The Defendant (the «KRG») applied on 3 July 2017 to set aside the Order of this Court made ex parte on 29 May 2017 by which it recognised and, subject to its terms, enforced two
arbitration awards made in London under the auspices of the LCIA and permitted alternative service of the order made and other documents on the KRG's London solicitors who had acted for them in the arbitration.
(China and the UK are both parties to the New York Convention, which requires courts of contracting states to recognise and enforce
arbitration awards made in other contracting states.)
«(a) FILING AND EFFECT OF ARBITRATION AWARD -
An arbitration award made by an arbitrator under this chapter, along with proof of service of such award on the other party by the prevailing party or by the plaintiff, shall be filed promptly after the arbitration hearing is concluded with the clerk of the district court that referred the case to arbitration.
Accordingly, the procedure for enforcing or setting aside an international
arbitration award made in Myanmar is uncertain.
The Hong Kong Court of Appeal has recently handed down a decision in Pacific China Holdings Ltd v. Grand Pacific Holdings Ltd [1] overturning an order of the Court of First Instance to set aside an ICC
arbitration award made in Hong Kong.
68 and 69 of the Arbitration Act 1996 to vary an LMAA
arbitration award made by a distinguished three - member tribunal.
An ICSID annulment case involving a challenge to an ICSID
arbitration award made in an expropriation dispute between two Hong Kong companies and the government of a Middle Eastern nation.
(9) If a pension plan is being wound up in whole or in part,
an arbitration award made in accordance with section 77.12 may provide for the allocation of surplus between the employer, members, former members and other persons entitled to a pension, deferred pension or other benefit under the plan who are affected by the wind up or partial wind up.
«family arbitration award» means a family
arbitration award made under the Arbitration Act, 1991; («sentence d'arbitrage familial»)
Not exact matches
Cuomo originally sought to impose a 2 percent cap on the value of
arbitration awards in a bill submitted in January with his Executive Budget, but backed away from that proposal when the Legislature resisted
making any change to
arbitration as part of the budget process.
If the
arbitration is decided in your favor - which occurs if there is an
award to you that is greater than the value of HBO's last written settlement offer
made before an arbitrator was selected - you will not be required to reimburse HBO for any of the fees and costs advanced.
The court reasoned that the wording of the
arbitration agreement had not
made it clear that the parties regarded the venue as critically important.898 The courts of the United States have similarly considered that the «appropriate standard of review would be to set aside an
award based on a procedural violation only if such violation caused substantial prejudice to the complaining party.»
The court ultimately rejected this challenge because the arbitral
award, though mentioning other parties who were not bound by the
arbitration agreement, did not
make any
award in their favour or any determination with respect to the rights of those parties.820
The transaction document typically
makes reference to the institutional rules as a whole, and the issue of whether and how Article 35 (6) of the ICC Rules or Rule 32.11 of the SIAC Rules operate to exclude a right to appeal may come to light only when there is a dispute that has gone to
arbitration, and when the dissatisfied party seeks recourse against the
award.
For instance, in a 1968 case, a Swiss court refused to issue an enforcement order on the grounds that the arbitral tribunal had not complied with the agreement of the parties that «all disputes should be settled in one and the same arbitral proceedings» and instead conducted the
arbitration in two stages.904 In a 2001 case, the Italian Supreme Court enforced a first
award but not a second
award made with respect to the same dispute.
By submitting the dispute to
arbitration under the Rules, the parties undertake to carry out any
award without delay and shall be deemed to have waived their right to any form of recourse insofar as such waiver can validly be
made.»
A non-domestic
award is further one where the
award is
made in the enforcing state under the laws of another state or because the
arbitration contains a foreign element.
Obtained
arbitration award for a large Internet company against an overreaching landlord which had
made claims related to the lease of client's primary office.
But the circuit court — noting that the standard for overturning an
arbitration award is that it was
made «in manifest disregard of the law» — concluded that the district court erred by substituting its own decision on the merits for that of the
arbitration panel.
After the proceedings concluded, the retired judge rendered an
arbitration award, which directed that the Association hire a contractor to
make certain repairs and advance the funds for the work subject to reimbursement from numerous other affected lot owners who were not parties to any of the prior proceedings.
He has acted and advised on claims
made by and against sovereign states (including enforcement proceedings and challenges to
arbitration awards).
Enforcement steps will depend on whether the
arbitration award was
made domestically or internationally.
Lawyers at Covington & Burling consider the enforcement of arbitral
awards in Sub-Saharan Africa, where antiquated
arbitration laws and hostile courts
make life difficult for potential investors.
Dorothy Murray Qualified: 2005
Made partner: 2013 Key cases: Defending a major Russian telecoms group against the enforcement of an LCIA $ 220m
arbitration award.
Marion Boyd's argument is reflected in Omar's comments: if one does not hold out the possibility of enforcing a family arbitral
award made under Islamic law, at least on some grounds (and she set out a number of conditions about procedural and substantive fairness), then those who go to
arbitration under that law anyway have no protection in civil law, and the arbitrator has no incentive to conform to our general notions of fairness.
In addition to whatever rights you may have to recover your attorneys» fees under applicable law, if you prevail in the
arbitration, and if the FTS Party failed to
make a settlement offer to you before the
arbitration or the amount you win is at least 25 % greater than the FTS Party's highest settlement offer, then the FTS Party will pay your reasonable attorneys» fees in addition to the amount the arbitrator
awarded.
Arbitration —
Award — Enforcement — Respondent failing to pay arbitration award — Claimant applying for third party debt order over letters of credit — Whether respondent was beneficiary of debt created by letters of credit — Situs of debt — Whether third party debt order should be made — Whether court entitled to make receivership o
Award — Enforcement — Respondent failing to pay
arbitration award — Claimant applying for third party debt order over letters of credit — Whether respondent was beneficiary of debt created by letters of credit — Situs of debt — Whether third party debt order should be made — Whether court entitled to make receivership o
award — Claimant applying for third party debt order over letters of credit — Whether respondent was beneficiary of debt created by letters of credit — Situs of debt — Whether third party debt order should be
made — Whether court entitled to
make receivership order.
But before you recommend this alternative to your no - fault clients,
make sure your
arbitration award will cover all of your available relief.
Moreover, the waiver of immunity contended for was an implied waiver, said to arise from the
arbitration agreement itself where it was agreed that the
Award was to be «binding on the parties» and included a provision that the parties undertook «to carry out any
Award without delay and should be deemed to have waived their right to any form or recourse insofar as such waiver can validly be
made».
An
award shall be signed by the arbitrators and it shall contain the date on which the
award was
made and indicate the place of
arbitration.
The arbitral tribunal may
make a single
award or several
awards in respect of all parties so involved in the
arbitration.
Even though Alphamix concerned a domestic arbitral
award, the attitude of the Judge in scrutinizing the arguments against the enforcement of an
award when a litigant has gone through all the proper court procedures, even public interest ones, is most welcome and sends a strong signal to public bodies which choose to have their commercial disputes resolved by way of
arbitration, that they should take
arbitration proceedings and arbitral
awards made against them seriously.
Interestingly, the Advocate General ranged much more broadly in reaching the same conclusion, stating that these limitations on the review of international arbitral
awards were «contrary to the principle of effectiveness of EU law», «(n) o system can accept infringements of its most fundamental rules
making up its public policy, irrespective of whether or not those infringements are flagrant or obvious» and «one or more parties to agreements which might be regarded as anticompetitive can not put these agreements beyond the reach of review under Articles 101 TFEU and 102 TFEU by resorting to
arbitration» (AG Op § § 58, 67 and 72).
(1) Pursuant to Section 12 of the Act, where the
arbitration tribunal consists of three or more arbitrators, an
Award shall be
made by a majority of the tribunal.
The 1996 Act provides that the tribunal may
make an
award allocating the costs of the
arbitration between the parties (section 61).
27 (1) If the party who commenced the
arbitration does not submit a statement within the period of time specified under subsection 25 (1), the arbitral tribunal may, unless the party offers a satisfactory explanation,
make an
award dismissing the claim.
Similarly, in Chantiers de L'Atlantique SA v Gaztransport & Technigaz SAS [2011] EWHC 3383, the High Court dismissed a challenge to an
award, despite
making a finding that there had been fraud in the
arbitration, because the claimant was unable to establish that the tribunal probably would have come to a different decision if there had been no fraud.
The arbitral
award has to be
made outside Myanmar but inside the territory of member countries of the New York Convention according to the
arbitration agreement.
(3) The
arbitration tribunal may
make an interim order that shall be merged or addressed in the
Award when all issues, including costs, have been determined.
(4) The
arbitration tribunal shall
make its final
Award within 60 days after the hearings have been closed unless the parties otherwise agree.
(2) After the final
Award has been
made, the claim has been withdrawn, a settlement has been reached or the
arbitration has been abandoned, the Centre shall apply any deposits it holds to the costs of the
arbitration, including any
arbitration tribunal fees and disbursements, as well as administrative fees and expenses.
In light of the fact that an arbitrator's
award often sets a precedent for future disputes with a union and its members, our attorneys
make an extra effort to ensure that a client's present and future interests are taken into consideration when
making the decision to take a grievance to
arbitration.
Each level of people's court should establish a centralized administrative platform for the judicial review of
arbitration awards, to strengthen the informatized management and data analysis of cases regarding applications to confirm the validity of an arbitation agreement, cases regarding applications to cancel or enforce
arbitration awards of our domestic
arbitration institutions, applications to recognize and enforce Hong Kong Special Administrative Region, Macau Special Administrative Region, Taiwan Region
arbitration awards, cases regarding applications to recognize and enforce foreign arbitral
awards, and cases relating to the judicial review of
arbitration such as refusal to accept, reject the filing, or objection to jurisdiction and others relating to the confirmation of the validity of an
arbitration agreement; the effective guarantee of the correct application of law and of a unified yardstick for judicial decision -
making.
In the decision, The Massachusetts Supreme Judicial Court held that a fee
award entered against a party for
making frivolous arguments and conducting an
arbitration in bad faith must be vacated.
Argentina has agreed a settlement relating to five investment treaty
arbitration awards,
made between 2005 and 2008, pursuant to which it was ordered to pay a total of over US$ 450 million plus interest.
In cases in which a party applies to have the validity of an
arbitration agreement recognized, cases in which application is
made to cancel a domestic
arbitration commission's
award, cases in which application is
made to recognize (认可) and enforce a Hong Kong SAR or Macau SAR
arbitration award, recognize (认可) and enforce a Taiwan area
arbitration award, application is
made to recognize (承认) and enforce a foreign arbitral
award, shall be handled by the specialized trial divisions of each level of court.
(b) a provision in an
arbitration agreement that no right shall arise until an
arbitration award has been
made.
However, when the
award has been
made by a foreign
arbitration tribunal then a number of enforcement issues come in to play.