Sunday, February 20, 2005 12:19:19 PM
Getting back to the Arb. for the moment, here are the ICC rules, in short:
After having consulted the parties, TheTribunal shall establish a provisional timetable that it intends to follow for the conduct of the arbitration.
When the parties have presented their cases, the Tribunal shall declare the proceedings closed.
TheTribunal shall (then) indicate to the Secretariat an approximate date by which the draft Award will be submitted to the Court.
Any postponement of that date shall be communicated to the Secretariat by the Tribunal.
The Court may extend this time limit pursuant to a request from the Tribunal, or on its own initiative.
>>>>>>>>>>>>>>>>>>>>>
After paying some pretty hefty ICC fees, and spending tons of money for 6 months arguing their points, one would think that the ICC would have a rule for announcing the "final date" to the parties.
But nowhere does it state that the ICC or the Tribunal will do so.
This seems odd, because the ICC is not there to blindside either party with an untimely decision. And it's not there to keep lawyers and executives on the edge of the seats for several months.
The only rules that seem to make sense to this unbiased reader, are the last two paragraphs above.
This is just between you and me, Bob. And maybe I've answered my own question. This post will probably self-destruct in 10 minutes, because it means absolutely nothing.
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