Code ISBN : 978-92-842-0527-1 Number of pages : 211 Publishing date : 2022 Language : English

Foreword Eduardo Silva Romero Introduction Georges Affaki Chapter 1 Overriding Mandatory Rules in International Arbitration: National Monetary Restrictions Sir William Blair, Grace Cheng I. Introduction II. Lois de police III. Effect of the Covid-19 Pandemic IV. Party Autonomy in International Commercial Arbitration V. Public Policy VI. Overriding Mandatory Rules VI.1 Definition of Overriding Mandatory Rules VI.2 Provisions Rendering the Performance of the Contract Unlawful VI.3 Application of these Principles to Complex Financial Products VII. Effect of the Pandemic on Financial Contracts VIII. National Monetary Restrictions VIII.1 Exchange Control VIII.2 Currency Rules within a State VIII.3 Currency Manipulation VIII.4 Export Control VIII.5 Sovereign Debt Moratoria IX. Financial Sanctions IX.1 Unilateral and Multilateral Sanctions IX.2 The Libyan Sanctions Litigation X. Case Law arising from the Case of Venezuela XI. Corrupt Payments and Breaches of AML/CFT XII. Conclusion Chapter 2 The Evolving Dynamics of Monetary Restrictions as International Arbitration’s Next Big Challenge? Carolyn B. Lamm, Eckhard Hellbeck, Madina Lokova and Maximilian Clasmeier. I. Introduction. II. States’ Regulatory Powers under General Public International Law to Impose Monetary Restrictions. III. Potential Investment Treaty Claims against Monetary Restrictions. III.1. Expropriation. III.2. The Guarantee of Fair and Equitable Treatment. III.3. The Guarantee of Full Protection and Security. III.4. Non-Discrimination (National Treatment and Most-Favoured-Nation Treatment). III.5. Umbrella Clause. III.6. The Right to Transfer Funds. IV. Defences against Claims Resulting from Monetary Restrictions. IV.1. Customary International Law. IV.2. Treaty-Based Exceptions and Defences. V. The Evolving Dynamics in International Arbitration. V.1. The Geographic and Substantive Diversity of Monetary Restrictions. V.2. The Interconnectedness of Markets as a Multiplier. V.3. Conclusion. VI. The Adaptability and Adequacy of International Arbitration. VI.1. The Role of Systemic Developments VI.2. The Adequacy of Decisions in International Arbitration. VI.3. The Newest Fruit of Adaptation: Doctrine of Compliance? VII. Conclusion. Notes. Chapter 3 Sovereign Debt Moratoria and Covid-19: Some Necessary Thoughts on Necessity Ali Malek, QC, Cameron Miles. I. Introduction. II. Customary international law and the concept of the “Grotian Moment”. III. The “Current” International Law on Sovereign Debt Moratoria and States of Necessity. IV. Covid-19 and the Evolution of Necessity. V. Conclusion. Chapter 4 Impact Of Sanctions on International Arbitration Vladimir Khvalei. In lieu of foreword I. Retention of a Legal Counsel II. Payment of an arbitration fee III. Going through a compliance procedure within an arbitration institution IV. Formation of an arbitral tribunal free from the impact of sanctions V. Getting a visa and other forms of access to the country of the seat of arbitration VI. Organizing a hearing VII. Retaining an expert VIII. Avoiding negative provisions of governing law IX. Avoiding the setting aside of an arbitration award X. Enforcement of the award Conclusion Chapter 5 Overriding Mandatory Provisions and Arbitrability in International Arbitration: The Case of Multilateral and Unilateral Sanctions Eric De Brabandere, David Holloway I. Introduction II. Sanctions, Overriding Mandatory Rules and Arbitrability: General Principles III. The Arbitrability of Sanctions-Related Disputes IV. The Specific Nature of Unilateral Sanctions V. Concluding Remarks Chapter 6 Overriding Mandatory Rules and Arbitration in a Changing World Dominique Hascher I. Overriding Mandatory Rules: A Definition II. The Arbitrability Question III. Should Arbitrators be Trusted? IV. Have Arbitrators kept their Promises? Chapter 7 Anti-corruption Compliance in International Arbitration: The Shadow Theatre of Agent and Consultant Agreements Laurent Cohen-Tanugi I. Introduction II. The Rise of Compliance and its Impact on Agent and Consultant Agreements III. A Conflicted Case Law IV. The Shadow Theatre of Legacy Agreements V. A Way Out and the Way Forward Chapter 8 Economic Sanctions and the World Trade Organisation: An Exception under Review Laurence Boisson de Chazournes I. Introduction II. Security Exceptions in the WTO Framework III. UN Economic Sanctions in the WTO Framework IV. Non-UN Economic Sanctions in the WTO Framework IV.1. Jurisdiction to Review the Invocation of Sub-paragraph (b) of the Provisions on Security Exceptions IV.2. The “Action” in Question must Fall under One of the Three Sub-paragraphs of Article XXI(b) IV.3. The Conditions of the Chapeau of Article XXI(b): “which it considers necessary for the protection of its essential security interests” V. Concluding Remarks

Edited by Georges Affaki Vladimir Khvalei Authors (as they appear in the publication) Eduardo Silva Romero Georges Affaki Sir William Blair, Grace Cheng Carolyn B. Lamm, Eckhard Hellbeck, Madina Lokova and Maximilian Clasmeier Ali Malek, QC, Cameron Miles. Vladimir Khvalei Eric De Brabandere, David Holloway Dominique Hascher Laurent Cohen-Tanugi Laurence Boisson de Chazournes