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20:12 Jan 22, 2020 |
English to Serbian translations [PRO] Law/Patents - Law: Contract(s) / arbitration | |||||||
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| Selected response from: Daryo United Kingdom Local time: 05:36 | ||||||
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Summary of answers provided | ||||
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5 | [арбитражна одлука] може бити поднета / предата (ради извршења) [било ком надлежном суду] |
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[the arbitration award] may be entered into any court [having jurisdiction thereof]] [арбитражна одлука] може бити поднета / предата (ради извршења) [било ком надлежном суду] Explanation: [арбитражна одлука] може бити поднета / предата (ради извршења) [било ком суду у чијој је надлежности извршење целе или дела арбитражне одлуке] so, for example, it the company that lost the arbitration has assets in several countries, the "arbitration award" can be entered in a tribunal in any of the places where are the assets of the company that has to pay the arbitration award. the WHOLE POINT of arbitration is to avoid litigation in courts, so an "arbitration award" is not open to appeal in regular courts, as specified anyway explicitly in the next sentence of ST: ARBITRATION REPLACES THE RIGHT TO GO TO COURT. the involvement of "regular courts" is only needed to enforce the arbitration award. All explained in details here: Entry of Judgment Stipulation • Simple provision: “Judgment upon any award(s) rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof, including any court having jurisdiction over any of the parties or their assets.” • Not essential due to the New York Convention, but recommended for every international arbitration clause • Preserves right of enforcement against both the parties and their assets https://www.mayerbrown.com/-/media/files/perspectives-events... -------------------------------------------------- Note added at 5 hrs (2020-01-23 01:38:32 GMT) -------------------------------------------------- more https://www.trans-lex.org/968900/_/arbitration-agreement/ |
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