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Arbitration and the insolvent party, finally back together? At the end of 2011, the Paris Court of Appeal was confronted with the issue of the validity of an arbitral award rendered in a case where the defendant, a company that was being liquidated, could not pay the advance on cost and...
It is not rare that Respondents decide not to participate in arbitration proceedings and that, thus, arbitral tribunals render so-called "default awards". For Claimants, enforcing such "default awards" is not always straight-forward. Claimants have to make sure that the arbitration is conducted...
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