How do International Court of Justice Judgments get Enforced?
The International Court of Justice (ICJ) is the principal judicial body of the United Nations (UN). It settles legal disputes between countries and issues advisory opinions on legal questions. However, the enforcement of the ICJ's judgments is a complicated process. In this blog post, we will discuss the different ways by which...
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Understanding Third-Party Funding and Claim Ownership
Imagine spending years in legal battles and having to bear all the costs only to emerge with nothing but mounting debt. It's a nightmare for anyone who's been through it, but third-party funding has come in to ease the burden for those who can't afford it. With a third party funding your...
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The Good and Evil of AI for Cross Border Disputes
Artificial Intelligence (AI) has played a significant role in shaping the world we live in today. From self-driving cars to predictive technology and Siri, AI has revolutionized various sectors. The legal sector is no exception, with AI simplifying complex law procedures and enhancing efficiency. It is no wonder that AI is increasingly...
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Third-Party Funding in International Arbitration: A Game-Changer?
International arbitration can be a costly affair, and it is not uncommon for parties to look for alternative means of financing their claims. Third-party funding (TPF) is one such means, which allows a non-party to fund an arbitration in exchange for a share of the award or settlement. The use of TPF...
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Resolving Cross-Border Disputes with International Arbitration
International arbitration serves as an effective means of resolving disputes arising from cross-border transactions. By opting for arbitration, parties can benefit from a neutral forum, and enforceable orders. Typically, parties agree to arbitration by including a clause in their commercial agreements or through a submission agreement after a dispute arises.
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Transnational Law: A Comprehensive Guide for Businesses and Individuals
In today's world, businesses and individuals increasingly find themselves involved in cross-border transactions and disputes. As international trade, investment, and communication continue to grow, so does the need for a solid understanding of the laws that govern these complex interactions. Transnational law, a critical framework for managing legal relationships...
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Political Risk Insurance: Safeguarding Investments with MIGA
Investing in foreign lands can be a rewarding business venture but poses several risks. One of them is the risk of political upheaval, which can significantly affect your investments. Political instability, war, and expropriation are just some of the risks that foreign investors may face. This is where MIGA comes in. MIGA,...
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What is Space Arbitration and Which Tribunal to Choose?
Space technology is advancing, and as more people commercialize space, we can expect disputes to arise over the use of space resources. It is also expected that disputes over the ownership of space assets, satellite operations, space tourism, and other space-related activities will skyrocket. When such disputes arise, there is a need...
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International Chamber of Commerce vs American Arbitration Association: Key Differences and Areas of Expertise
When it comes to resolving disputes, businesses often prefer arbitration over the courtroom. It’s faster, more efficient, and more flexible than traditional litigation, allowing parties to have more control over the outcome. Two of the best-known arbitral institutions in the world are the International Chamber of Commerce (ICC) and the American Arbitration...
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A Comprehensive Comparison of the International Court of Justice and the Permanent Court of Arbitration
International disputes are inevitable, but what sets nations and organizations apart is how they resolve them. The International Court of Justice (ICJ) and the Permanent Court of Arbitration (PCA) are two of the most prominent entities responsible for settling international disputes. Both organizations have been in existence for over a century and...
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