In international arbitration, consent to arbitration can be expressed in different forms, including in domestic laws. While it is widely recognized that States can commit themselves by way of international treaties (or by virtue of contracts covering future disputes), States can also give their consent to arbitration based on investment codes. Due to the significant […]
Yukos Owners Win Largest Arbitration Award In History Against Russia For “Devious And Calculated” Expropriation
Yukos Owners Win Largest Arbitration Award In History Against Russia For “Devious And Calculated” Expropriation. Yukos’ owners have won the largest arbitration award in history against Russia for what was determined by an international arbitration tribunal to be a “devious and calculated” expropriation of its assets. Russia has been ordered to pay over USD 50.2 billion to […]
Over 8,000 Signatures Of The Barotseland PCA Arbitration Agreement To Date
The BNFA, our clients, initially gave President Sata two months to sign the PCA arbitration agreement it had proposed, in order to allow the peaceful resolution of the Barotseland issue in accordance with international law. Over 8,000 Barotseland representatives have signed the PCA arbitration agreement to date. This deadline passed on 28 May 2014, and […]
Professor Ndangwa Noyoo Comments On The Barotseland Issue
Barotseland is seeking the peaceful resolution of its legal status under international law before the PCA, although Zambia appears to be intent on blocking all attempts at peaceful arbitration to resolve this long-running issue, which has existed since the birth of Zambia as a State. Barotseland was a sophisticated and highly functional pre-Colonial African nation, which survived […]
Saudi Arabia Gets First Commercial Arbitration Center
On 14 April 2014, the Council of Ministers approved the formation of the Saudi Centre for Commercial Arbitration, which will be based in the capital city, Riyadh. It will operate under the auspices of the Council of Saudi Chambers, a federation of chambers of commerce, and will handle international commercial arbitrations. The minister of culture […]