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WayHaw

06/07/05 11:45 AM

#112160 RE: my3sons87 #112158

There's the answer, guys. Article 28, para 1. NOK hasn't paid up yet. They're probably still in negotiations on the per diem rate.

WayHaw

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Corp_Buyer

06/07/05 12:08 PM

#112166 RE: my3sons87 #112158

Most interesting: "Article 26 Award by Consent ..

If the parties reach a settlement after the file has been transmitted to the Arbitral Tribunal ..the settlement shall be recorded in the form of an Award..."

So, it seems we should expect an "Award" even in the case of a "settlement" and that Award may then still be confirmed as an unopposed court judgment.

Apparently, our current wait for a delayed Award, does not preclude a settlement. Most interesting.

MO,
Corp_Buyer





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3GDollars

06/07/05 12:54 PM

#112181 RE: my3sons87 #112158

Maybe Jorma has not been paid his fee and ICC is witholding the award. Shall we take up a collection? ggggggggggg

Once an Award has been made, the Secretariat shall notify to the parties the text signed by the Arbitral Tribunal, provided always that the costs of the arbitration have been fully paid to the ICC by the parties or by one of them.