Sunday, April 1, 2012

'Nuff said

(Taking context-optional note of thought-provoking quotes)
'The publication of awards is a relative novelty in international commercial arbitration. With the exception of awards rendered under the International Convention on the Settlement of Investment Disputes (“ICSID”), international arbitration is usually confidential. This is precisely one of the reasons why parties traditionally choose arbitration over regular court proceedings, and it remains to be seen if parties will agree to the publication of awards.'
-- Leiden Law Professor Eric De Brabandere, in an ASIL Insight outlining the latest mechanism for pacific settlement of disputes. The Insight's title says it all: "P.R.I.M.E. Finance: The Role and Function of the New Arbitral Institution for the Settlement of Financial Disputes in The Hague." (photo credit)

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