The agreement nominating an international arbitral tribunal may be framed so as to subject claims to its jurisdiction even though local remedies have not been exhausted1. In such a case, the tribunal will have jurisdiction and claims will be not be inadmissible merely on the basis that local remedies have not been exhausted2. If, however, the parties have agreed to the settlement of any dispute arising out of a contract by the local courts of the contracting state, the tribunal is not able to decide
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234