The ICSID Convention requires signatories to treat arbitral awards rendered according to the ICSID framework as if they were a final judgment of a court in that State.[1] To challenge an award, the claimant shall seek review within the ICSID arbitral regime, rather than before State courts.[2] To implement the Convention, the U.S. Congress in […]
Intra-EU Investment Arbitration: Impact of EU Member States’ Declarations in the Wake of Achmea
In Achmea,[1] the Court of Justice of the European Union (CJEU) was asked to assess the compatibility of the dispute resolution clause contained in the Netherlands-Slovak Republic BIT with EU law. In March 2018, the CJEU held that the clause was incompatible based on the threat posed to the constitutional structure and autonomy of the […]
Çfarë Është Arbitrazhi Nderkombëtar?
Arbitrazhi ndërkombëtar është i ngjashëm me një proçedurë gjyqësore kombëtare. Por, në vend të një proçedure para një gjyqëtari, arbitrazhi kryhet para personave të zgjedhur të quajtur arbitra. Është një mënyrë neutrale, private dhe konsensuale për të zgjidhur konfliktet. Për më tepër, vendimi që jepet është i detyrueshëm dhe duhet te respektohet nga të gjitha […]
William Kirtley and Christy Chidiac Comment on Setting Aside of Arbitral Award
In a recently-published article by LexisNexis, William Kirtley and Christy Chidiac provide analysis of the French Court of Cassation’s setting aside of the Paris Court of Appeal’s partial annulment of an arbitration award on jurisdiction rendered in Serafín García Armas and Karina García Gruber v The Bolivarian Republic of Venezuela (“Serafín“). A primary issue […]
Publication of ICC Arbitration Awards: 2019 Advancements in Transparency of ICC Arbitration
As most arbitrations are confidential, the publication of ICC arbitration awards has historically been uncommon. In January 2019, however, the ICC International Court of Arbitration adopted changes to its practice that will soon be implemented. In this regard, the ICC released an updated Note to the Parties and Arbitral Tribunals. Its main purposes were to […]