International business transactions



Download 107.2 Kb.
Page67/76
Date12.05.2022
Size107.2 Kb.
#58792
1   ...   63   64   65   66   67   68   69   70   ...   76
OUTLINE International Business Transactions
UNICTRAL Model Law does not contain rules of CoL to determine the law applicable to the agreement.

  • New York Convention

    • Adopts principle that the parties are free to determine a law different from the law of the place of arbitration as the law applicable to the arbitration agreement

    • The question of the existence and validity of the arbitration agreement may arise in two different situations

      • When one of the parties requests a court to recognize the arbitration agreement

      • At the end of the arbitration, when it is raised as a defense to challenge recognition or enforcement of the arbitral award



    Separability or Autonomy of the Arbitration Agreement

    • most laws and regulations on arbitration have included two very important principles

      • separability”, “autonomy” or “independence” of the arbitration clause

        • If the arbitrators decide, within the scope of their jurisdiction, that the contract containing the arbitration clause is null and void, that does not entail the loss of their jurisdiction

      • kompetenz- kompetenz” or “competence de la competence”

        • Aims at giving arbitrators the possibility to examine and decide in the first instance on any objection to their jurisdiction

    • Without these principles, the mere contention of invalidity of the contract would imply neutralizing the effects of the arbitration agreement, which would in turn mean invalidating the method chosen by the parties to settle the conflict.

      • i.e., it would be possible at any time for a party to stop or delay the process of arbitration by alleging that the entire contract had been procured through fraud, corruption, misrepresentation, etc and so would be invalid.

        • Effect would be court getting to decide core issue in the case.

      • So we create the legal fiction of separatability doctrine


    • Download 107.2 Kb.

      Share with your friends:
  • 1   ...   63   64   65   66   67   68   69   70   ...   76




    The database is protected by copyright ©ininet.org 2024
    send message

        Main page