It is widely acknowledged that international organisations proliferated in the aftermath of World War II,[1] although preliminary forms had existed earlier.[2] Major international organisations are universally recognised. These include the United Nations (UN), the United Nations Educational, Scientific and Cultural Organisation (UNESCO), the World Trade Organisation (WTO), the World Bank, the International Monetary Fund (IMF), […]
International Court of Arbitration
There are many Courts of Arbitration, but technically only one International Court of Arbitration, which refers to the ICC’s International Court of Arbitration. Somewhat confusingly for those unfamiliar with arbitration, Courts of Arbitration do not decide on the substance of disputes themselves, as this role is left to private arbitrators. We will briefly examine the […]
Arctic Sunrise Arbitration (PCA case 2014-02) – Russia to pay €5.4 million in damages
On 10 July 2017, a PCA Arbitral Tribunal seated in The Hague rendered its award on compensation in another politically sensitive arbitration between Russia and the Netherlands (also known as the “Arctic Sunrise Arbitration”). The PCA Tribunal ordered Russia to pay €5.4 million in damages to the Netherlands for the capture and detention of a […]
Final Award in PCA Arbitration Between Slovenia and Croatia
The long-awaited Final Award regarding the PCA arbitration between Slovenia and Croatia has finally been issued. It was rendered on 29 June 2017, ruling upon the border dispute between the Republic of Slovenia and the Republic of Croatia. The Arbitral Tribunal, presided by Judge Gilbert Guillaume, rendered its Final Award on the basis of an […]
HULLEY ENTERPRISES LIMITED (CYPRUS) V. THE RUSSIAN FEDERATION (PCA CASE NO. AA226) – FINAL AWARD 18 July 2014
The Yukos group of companies, whose controlling shareholders were OAO Yukos Oil Company, Hulley Enterprises Limited (Cyprus), Yukos Universal Limited (Isle of Man) and Veteran Petroleum Limited (Cyprus), was supposed to benefit from tax exemptions. However, in 2002, these exemptions were revoked at the Closed Administrative Territorial Units (“ZATOs”). Then, starting in 2003, Yukos suffered […]