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In most legal systems, the arbitral tribunal is able to rule upon its own jurisdiction (often referred to as the doctrine of "Kompetenz-Kompetenz" in international law). This enables the arbitral tribunal to determine for itself whether: an arbitration agreement is valid, whether the tribunal has been properly constituted under applicable law, and
Arbitral tribunal, a panel of impartial adjudicators convened to resolve a dispute by way of arbitration; Arbitration Committee (Wikipedia), an arbitration tribunal used on Wikimedia projects such as Wikipedia
The definition of Arbitral Award given in sec 2(1)(c) is clearly not exhaustive. It merely points out that an Arbitral Award includes both a final award and an interim award. Although arbitration awards are characteristically an award of damages against a party, in many jurisdictions tribunals have a range of remedies that can form a part of ...
Arbitration, in the context of the law of the United States, is a form of alternative dispute resolution.Specifically, arbitration is an alternative to litigation through which the parties to a dispute agree to submit their respective evidence and legal arguments to a third party (i.e., the arbitrator) for resolution.
the tribunal may order the payment of a sum of money (conventional damages) the tribunal may make a "declaration" as to any matter to be determined in the proceedings; in most jurisdictions, the tribunal has the same power as a court to: order a party to do or refrain from doing something ("injunctive relief") to order specific performance of a ...
International arbitration can refer to arbitration between companies or individuals in different states, usually by including a provision for future disputes in a contract (typically referred to as international commercial arbitration) [1] or between different states qua states (typically referred to as interstate arbitration).
In October 2012, an ICSID tribunal awarded a judgement of $1.8 billion for Occidental Petroleum against the government of Ecuador. [8] Additionally, Ecuador had to pay $589 million in backdated compound interest and half of the costs of the tribunal, making its total penalty around $2.4 billion. [8]
Caribbean Community Administrative Tribunal; Caso Cerrado; Commission for Conciliation, Mediation and Arbitration; Commonwealth Court of Conciliation and Arbitration; Constitutional Court (Belgium) Constitutional Court of Republika Srpska; Court of Arbitration (New South Wales)