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A decision that the arbitral panel has jurisdiction," could put the arbitration body at the risk of "being ignored, derided and marginalized by the biggest player in the region".
But this is a special arbitration body for sport, not a court of law.
The case is now before an arbitration body charged with assessing damages.
Occidental has appealed to the International Centre for the Settlement of Investment Disputes, an international arbitration body.
These negotiations are bewilderingly complex, involving private banks, state banks, insurers, governments, the European Commission, the European Central Bank, credit ratings agencies, accountants and a derivatives arbitration body.
The dispute is before the American-Iranian claims tribunal in The Hague, an arbitration body set up in the early 1980s.
Similar(29)
In response, China has sought to undermine the legitimacy of the arbitral body by setting up its own international arbitration bodies -- essentially an artificial, parallel international legal regime -- while rallying the support of up to 40 countries -- mostly poor, and many landlocked/continental -- to question the Philippines' arbitration case.
Hitherto, foreign investors have at least had the protection of international courts and arbitration bodies.
In the latter type of case, concerned parties were allowed the alternative of setting up ad hoc arbitration bodies.
The nuts and bolts of dispute resolution is farmed out, in turn, to arbitration bodies, principally WIPO.
The latter proposed the creation of a variety of institutional structures, including regional and global federations, and transnational organizations, including international arbitration bodies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com