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Arbitration of International Business Disputes - Studies in Law and Practice, 2nd Edition by Park, William W. (20th September 2012)

Part II Legal Framework: Courts, Statutes and Treaties, B Judicial Supervision, 3 The Arbitral Situs and the Lex Loci Arbitri

From: Arbitration of International Business Disputes: Studies in Law and Practice (2nd Edition)

William W. Park

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 19 November 2019

There must be no Alsatia in England where the King’s writ does not run. Lord Justice Scrutton 1 A company that submits a controversy to arbitration may later regret having abandoned recourse to the courts. On the day of reckoning, the sage chosen to decide the dispute may no longer seem so wise to the losing party, and the loser might consider refusing to comply with the arbitrator’s decision. Some legal system, therefore, must legitimize the arbitrator’s authority. Otherwise, the award remains an unenforceable conciliation attempt that the parties are free to...
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