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In 1335 an arbitral award rendered by Charles I of Hungary assigned all Silesia to the Bohemian crown, thus making it part of the Holy Roman Empire.
Following the hearing, the panel will deliberate and on a later date, it will issue a decision in the form of an arbitral award".
Whether a foreign arbitral award can be recognised and enforced by the Chinese courts has always been on the top of foreign parties' list of concerns.
To put that award in perspective, the second largest arbitral award is $2.47 billion, also secured by Shearman & Sterling, for Dow Chemical Company against Kuwaiti Petrochemical Industries Company.
Later that year she went on trial for her actions regarding the Tapie case, which had attracted further controversy after a French court struck down the arbitral award in 2015.
13): The temporary impounding of the Thai Boeing 737 in Munich — as a result of the German civil court's order on July 11 , 2011 to enforce the arbitral award sought by Walter Bau, a German construction company — was in no way related to Crown Prince Maha Vajiralongkorn of Thailand.
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The Act was "a compromise between two opposing jurisprudential approaches to arbitration...that the courts should be kept out of arbitration altogether except to prevent abuses against the rules of natural justice, [and] that the courts should retain a substantial measure of control over arbitrations to ensure that arbitral awards apply the law".
The difficulties in the use of international arbitration thus consist less in the enforcement of arbitral awards than in persuading states involved in disputes to submit them to arbitration.
In January, 2014, Ecuador filed a petition in the District Court of the Hague (the legal seat of the BIT arbitration) to set aside the above-mentioned arbitral awards.
The New Generation FTA developed in response to growing concerns that arbitral awards were encroaching on state sovereignty.
To date, there has been little or no academic study involving the claims, the arbitral awards resulting from them, and their implications for Ghana.
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Justyna Jupowicz-Kozak
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