InvestorsHub Logo
Followers 32
Posts 2781
Boards Moderated 0
Alias Born 02/23/2003

Re: loophole73 post# 95720

Saturday, 02/19/2005 4:57:21 PM

Saturday, February 19, 2005 4:57:21 PM

Post# of 432922
Looking at the same tea leaves and seeing something different. The "Tribunal"(i.e., the arbitration panel) operates pretty much as a delegated "agent" of the International Court of Arbitration which is the "hitter" arm of the International Chamber of Commerce. The ICC legal authority is at the Court, and that Court "delegates" some of that authority to each Tribunal. If that is correct(?), seems like it would be standard operating procedure for the Tribunal to defer to the Court, especially when it involves application of that Court's "powers reserved".

Said another way, the "ICC" arbitration panel obtains it's authority from the International Court of Arbitration. Makes sense that they would defer to that body on any matter relating to their final rulings. The "Tribunal" is basically doing "staff work" for the ICC Court the way I'm understanding things. It will be ICC Court that delivers and enforces the "Final Award".

Cannot see reading anything special into the fact that it was the ICC Court that asserted the latest date for delivering a "Final Award"? They are the folks who will state and enforce that Final Award.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IDCC News