Issues in the Enforceability of Arbitral Awards in International Project Lending
- Topics:
- Contract Disputes
- Tags:
- Arbitration,
- Award,
- Project,
- Thelen Reid & Priest
- Source:
- Thelen Reid & Priest
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Overview: International project lending for infrastructure generally involves two sets of contracts, the project agreements and other, the financing documents. This paper will discuss some issues affecting the ability of parties to the project agreements to obtain arbitral awards that can later be enforced against the asserts of the losing party. Besides this, this paper will use a very interesting New York Convention enforceability case involving a failed power project in Indonesia as a reference point. This case has recently wound its way through the U.S. federal court system. There are not many reported decisions that provide such an instructive example of how arbitration works in international infrastructure finance, from the drafting of the clause, to the collapse of the project, to the arbitration and ultimately to the enforcement of the award. Read on to know more
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Format: HTML | Date: Sep 2003 | Pages: 1
