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There are two statutory regimes for arbitrations seated in Singapore, the Arbitration Act 2001 (AA) for domestic arbitrations and the International Arbitration Act 1994 (IAA) for international arbitrations. The courts’ facilitative role does not extend to permitting or even requiring a court to become actively involved in settlement efforts.
There are two statutory regimes for arbitrations seated in Singapore, the Arbitration Act 2001 (AA) for domestic arbitrations and the International Arbitration Act 1994 (IAA) for international arbitrations. The courts’ facilitative role does not extend to permitting or even requiring a court to become actively involved in settlement efforts.
Relevant Background According to the award , in 2001, Colombia adopted its Mining Code (Law 685), which provides that mining rights are vested if (i) a mining title exists, (ii) an environmental license is issued, and (iii) a Mining Works Program (“PTO”) has been approved. We do not discuss the tribunal’s jurisdictional reasoning.
Relevant Background According to the award , in 2001, Colombia adopted its Mining Code (Law 685), which provides that mining rights are vested if (i) a mining title exists, (ii) an environmental license is issued, and (iii) a Mining Works Program (“PTO”) has been approved. We do not discuss the tribunal’s jurisdictional reasoning.
Over time, other players have emerged, such as China, which entered the global economy in 2001 with the U.S. Nigeria arbitral award and the issue of fraud and corruption. Patocchi spoke about the issue of a challenges to awards on grounds of corruption or fraud tainting the proceedings. He referred to Prof.
In recent years, many States have signed investment treaties containing this type of clause based on the US Model BIT (2004), which itself reflects NAFTA case law following the FTC 2001 Note of Interpretation , which clarified that tribunals must apply the MST and no other standard. 444-45, 448-49, 455ff.,
More recent advancements in Mongolia’s international investment initiatives include the Canada-Mongolia BIT (2016) and Japan-Mongolia Economic Partnership Agreement (2015) (which replaced and superseded the Japan-Mongolia BIT (2001) ). In 2020, the mining sector accounted for 21.6%
The Appellant applied to the Singapore High Court (HC) to set aside the Award under section 48 of the Arbitration Act 2001 (2020 Rev Ed) (AA). Parties would thus need to reconsider their strategy for non-participation and account for this particular eventuality. The HC dismissed the application. DEM confirms this position.
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