...swaths of the economy grind to a halt. There is and likely will continue to be a shortage in cash liquidity and an increase in precautionary savings. To save money,...
...can invest those funds to earn compound interest. Equally, those who are kept out of their money and are forced to borrow from banks pay compound interest. This article attempts...
...New York Convention does not provide for any such prohibition. This could possibly be because the New York Convention was drafted with money awards in mind and not specific performance...
...parties and witnesses will spend less time and money on travel. While in litigation, courts have their norms and regulations which parties don’t have the full authority to modify them....
Author: Hans Smit* Published: December 1996 Jurisdiction: International Topics: Arbitral Awards Payment of Money, Foreign Currency Description: As international arbitration grows apace, awards are increasingly rendered in foreign currencies. Not...
...have appreciated it for years and the rapidly growing number of trade lawyers (many of whom have sniffed the color of money). The five-year official Review of the process, one...
...awarded money is actually received. Enforcement of the favorable award promises to be an uphill battle. Of all the reasons parties choose international arbitration as a dispute settlement method –...
...vacate the award. The resulting scenario, an entangled international litigation in which more money would have to be spent than was commensurate with the amounts to be recovered, was not...
...the parties get an opportunity to engage and ‘settle the matter amicably at the first instance’, there is a relative saving of money, time and human relationship, that any rational...
...his view that more adversarial mechanisms increase transactional costs of time, money, risk, and emotion while decreasing control over the outcome, to the possible detriment of all litigants. On the...
...Benson, Partner, Gibson, Dunn & Crutcher, who participated in preparation of the debate but were unable to attend in person. [45] George A. Bermann, Gellhorn Professor of Law and Money...
...arbitral jurisdiction, the procedural fairness of the arbitral proceedings that resulted in the award, and public policy considerations. The recognition and enforcement of foreign money judgments in the United States...
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