Sentences with phrase «control arbitral tribunals»

Do we need an appellate mechanism to control arbitral tribunals?

Not exact matches

Further, courts have taken into account the wide discretion vested in arbitral tribunals to organize and control the arbitral proceedings.856

International arbitration is a Shearman trademark, and during the time of our research it was fighting for the largest potential award in arbitral tribunal history, a whopping $ 50 billion from Russia on behalf of former controlling shareholders of bankrupt oil giant Yukos.

In such a fashion, courts should only intervene in order to assist the tribunal (e.g. the arbitral tribunal is not empowered to issue precautionary measures) or to control the lawfulness - not the merits - of the award (e.g. annulment action).

If parties deny the existence of requested documents or the fact that they are in their control, the arbitral tribunal may be left with «few options but to accept that explanation» (O'Malley, 2012, 46).