Two entities settled a debt awarded by a state court decision on the basis of two contracts. The settlement agreement contained an arbitration clause. The party invokes a conciliation clause contained in the contracts. The Court of Appeal evoked that when an arbitration clause does not mention the obligation to conciliate, the Parties cannot argue [...]
On 22 December 2017, an ICSID tribunal issued a final award on merits and costs in favour of a Lithuanian investor against Latvia. The dispute arose from an annulled lease agreement concluded between E-energija and Latvia during the process of privatisation of a heating and hot water supply system and their further nationalisation without compensation. [...]
A contractual stipulation that parties discuss a possibility to institute arbitration proceedings does not constitute obligatory procedure prior to seizing national courts.
La formulation selon laquelle les parties “conviennent de se consulter pour examiner l’opportunité de soumettre leur différend à un arbitrage ou pour refuser l’arbitrage” institue une consultation préalable sans caractère obligatoire et ne comporte aucune obligation des parties de recourir à l’arbitrage.
L’inobservation des délais très courts prévus par le contrat pour la recherche de conciliation n’est pas susceptible de délier les parties de l’obligation de se soumettre à la clause compromissoire.