In his view, the second letter gave Levicom no advice about how damages were to be measured if they wished to claim them, either because an order for the disposal of the shares (which Linklaters were advising should be sought
from the arbitral tribunal) might not be made, or for any other reason.
Any deposit of security for costs ordered by the tribunal pursuant to article 26 shall be directed to the Secretariat and disbursed by it upon order
from the arbitral tribunal.
6 months from reference, may be extended upon a reasoned request
from arbitral tribunal or if otherwise deemed necessary by SCC Board
Not exact matches
Achmea casts serious doubts on the legality of CETA's investment chapter, which allows investors
from one Party to submit to an
arbitral tribunal a claim that the other Party has breached an obligation under CETA.
This is not to say that
arbitral tribunals have not engaged with EU law in ways that would not appear as problematic
from the perspective of autonomy.
Neither does the Court's approach recognize that
arbitral tribunals appear to respect the autonomy of EU law, as also testified by the above quotes
from intra-EU
arbitral awards.
Contrary to the Stockholm District Court, the Svea Court of Appeal found that the
arbitral tribunal lacked jurisdiction to adjudicate the claim made by Spanish investors against the Russian Federation originating
from the alleged expropriation of the Spanish investor's investments in Yukos Oil Company.
As recorded in the travaux prĂ©paratoires of the New York Convention, the omission of language in the 1927 Geneva Convention allowing postponement of recognition or enforcement, or granting enforcement subject to a guarantee, of any award that «has not covered all the questions submitted to the
arbitral tribunal», was a «significant change»
from the wording of the 1927 Geneva Convention.809 The omission is particularly notable given that article V (1)(c) contains very similar language to article 2 (b) of the 1927 Geneva Convention.810
In Chrome Resources S.A. v. Leopold Lazarus Ltd., the Swiss Federal
Tribunal rejected a challenge that the
arbitral tribunal had consulted an expert in the absence of the parties, finding that the party's attempt to raise this objection at the enforcement stage was in bad faith and constituted an abuse of rights.920 Courts in England, 921 Germany, 922 Greece, 923 and the United States924 have similarly barred a party
from asserting any defect of the
arbitral procedure at a later stage if it had the opportunity to raise a reservation in a timely manner during the
arbitral proceedings.
The question has arisen whether a party may be estopped
from raising the defence to enforcement under article V (1)(d), where it has failed to do so before the
arbitral tribunal.
The place of arbitration may result
from the choice made by the parties, or by an
arbitral institution or the
arbitral tribunal.
We advise on all aspects of arbitration,
from drafting suitable clauses to advising on the type and seat of arbitration, the formation of a
tribunal,
arbitral procedure and enforcement of the award.
This case follows on
from the recent judgment in Sanum Investments Ltd v Government of the Lao People's Democratic Republic [2016] SGCA 57, in which the Singapore Court of Appeal found that an investor - State
arbitral tribunal did have jurisdiction to hear claims against the Government of Laos.
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.
60 days counted
from first business day following date fixed for presentation of final briefs, and may be extended by another 60 days at discretion of
arbitral tribunal.
Except where there is a statutory right or duty to arbitrate, the jurisdiction of the
arbitral tribunal derives entirely
from the contractual agreement of the parties.
60 days
from closure of the hearing or lastsubmission provided that parties, at request of
arbitral tribunal, can extend this period in writing and signed by the parties
Furthermore, an emergency decision ceases to be binding if an arbitration procedure is not commenced within 30 days, alternatively the case has not been referred to an arbitrator or
arbitral tribunal within 90 days,
from the date of the emergency decision.
The whole system is undermined if disputes could be removed
from the EU judicial system by taking them to
arbitral tribunals, which do not form part of the EU judicial system and consequently can not ask preliminary questions to the CJEU (paras 50 - 52).
Although the
tribunal and administrative body, if any, are generally subject to an obligation of confidentiality and the
arbitral proceedings are in most cases held in private, many national laws and
arbitral rules do not provide any assurance of confidentiality
from the parties or third - party witnesses.
In a decision recently published on the Swedish Arbitration Portal, the Svea Court of Appeal dismissed a party's challenge to the
arbitral award, finding that the party was precluded
from challenging award on several ground, and had failed to establish that the
tribunal had been partial.
An interim measure is any temporary measure by which, at any time prior to the issuance of the award by which the dispute is finally decided, the
arbitral tribunal orders a party, for example and without limitation, to: (a) maintain or restore the status quo pending determination of the dispute; (b) take action that would prevent, or refrain
from taking action that is likely to cause, (i) current or imminent harm or (ii) prejudice to the
arbitral process itself; (c) provide a means of preserving assets out of which a subsequent award may be satisfied; or (d) preserve evidence that may be relevant and material to the resolution of the dispute.
Either party also may, without waiving any remedy under this agreement, seek
from any court having jurisdiction any interim or provisional relief that is necessary to protect the rights or property of that party, pending the establishment of the
arbitral tribunal (or pending the
arbitral tribunal's determination of the merits of the controversy).
The
arbitral tribunal shall decide which further written statements, in addition to the statement of claim and the statement of defence, shall be required
from the parties or may be presented by them and shall fix the periods of time for communicating such statements.
In the spirit of this overall duty, the FAI Rules impose a number of obligations on the
arbitral tribunal and the parties that are designed to reduce time and costs of the proceedings, including an obligation on the
arbitral tribunal to render the final
arbitral award within nine months
from the receipt of the final award.
In practice,
arbitral tribunals in England and Wales may take guidance
from the Rome Convention and Rome I, which stipulate when mandatory laws may prevail over an express choice of law in English court proceedings.
A final and binding award, therefore, precludes the successful party
from bringing the same claim (s) again, either in a fresh arbitration or before the national courts, and precludes both parties
from contradicting the decision of the
arbitral tribunal on a question of law or fact decided by the award (Sun Life Insurance Company of Canada and others v The Lincoln National Life Insurance Company [2006] 1 All ER (Comm) 675; Injazat Technology Capital Ltd v Najafi [2012] EWHC 4171 (Comm)-RRB-.
Chair of a three - member
arbitral tribunal hearing a dispute governed by the ICDR Procedures arising
from a contract in the biomedical industry between parties in Sweden and the United States.
Chair of a three - member
arbitral tribunal hearing a dispute governed by the AAA Commercial Arbitration Rules arising
from a contract between parties in the United Arab Emirates and New York.
(h) the award was the result of fraud or corruption by a member of the
arbitral tribunal or obtained by fraud of a party or its representatives in the conduct of the arbitration [distinguished
from fraud with respect to the original dispute being arbitrated].
TBL accordingly sought an injunction to prevent East African
from taking any steps to implement the transaction with Serengeti pending an
arbitral tribunal ruling on the validity of East African's purported termination.
That Uniform Act provides for a right of appeal if leave is granted by the provincial superior court
from a decision of an
arbitral tribunal.
No simple answer can be given about whether it is better to obtain interim relief
from the court or the
arbitral tribunal, but an informed decision should be made about that issue.
Either party may, without inconsistency with this agreement to arbitrate, seek
from a court any provisional remedy that may be necessary to protect trademarks, copyrights, or other rights or property pending the establishment of the
arbitral tribunal or its determination of the merits of the controversy.