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Theoretical Considerations of the Interaction of International Arbitrations and Courts in International Law - Czech and Central European Yearbook of Arbitration - Interaction of Arbitration and Courts - 2015

Author(s): 
Aslan Abashidze
Anait Smbatyan
Page Count: 
18 pages
Media Description: 
1 PDF Download
Published: 
March, 2015

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Originally from Czech and Central European Yearbook of Arbitration - Interaction of Arbitration and Courts - 2015

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Abstract | The proliferation of international courts
and tribunals has been one of the most evident trends
in international law development and has had a
pronounced effect on the evolution of international
justice since the last quarter of the 20th century.
International courts and arbitration tribunals interact
by means of mutual reliance on legal positions
formulated earlier resulting in the emergence of a
foundation of the system of international courts and
arbitration tribunals – their common jurisprudence.
The highest authority on issues of general
international law is ascribed to the decisions of the
Permanent Court of International Justice and the
International Court of Justice. This trend is most
convincingly manifested in international investment
arbitration awards.