Ann: Arbitration Update, page-82

First 82 Last

Share
Profile

Follow
Brightoil

5,060 Posts.

786

17/12/19

10:59

Post #: 42005551
Share

Originally posted by johnathonmudge: ↑

As one of the world’s leading dispute resolution institutions, the ICC Court is committed to handling cases in an efficient and prompt manner. Over the past three years, the ICC Court has implemented several new practices to enhance the punctuality of case proceedings. In particular, the ICC Expedited Procedure provides final awards for lower valued cases within six months of the case management conference, which has enhanced the ICC Court’s ability to handle cases in a timely and cost-efficient manner. Similarly, the ICC Court has introduced delay measures to ensure that cases are processed on time. The delay measures stipulate that the ICC Court may lower the arbitrators’ fees in cases where awards are submitted late, unless the delay is attributed to exceptional circumstances.

Article 27: Closing of the Proceedings and Date for Submission of Draft Awards As soon as possible after the last hearing concerning matters to be decided in an award or the filing of the last authorized submissions concerning such matters, whichever is later, the arbitral tribunal shall:a) declare the proceedings closed with respect to the matters to be decided in the award; andb) inform the Secretariat and the parties of the date by which it expects to submit its draft award to the Court for approval pursuant to Article 34.After the proceedings are closed, no further submission or argument may be made, or evidence produced, with respect to the matters to be decided in the award, unless requested or authorized by the arbitral tribunal.

Expand

Soldier on. Im now optimistic on this stock if we get bank finance on senior deby of 300plus mil it will be an achievement. We akways needed to raise no matter what. fact. Shut shop until year end

FAR Price at posting: 4.2¢ Sentiment: Hold Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Local bourse to trade green | Thursday September 12

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

CU6

Clarity progresses SECuRE trial with positive safety results

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

BRX

Belararox to grow copper footprint in Botswana with 4,286 square km tenure

3 stocks with antimony news on Thursday

NEC

Nine Entertainment announces its CEO is stepping down – on an ex-divvy day

MTM

Forget gallium: MTM says it's extracted gold from e-waste

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling