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All Journal LAW REVIEW Transnational Business Law Journal
Meliala, Aurora
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Law, Crime, Criminology & Criminal Justice

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ICSID Annulment: Legal Triumph or Political Galumph? Putri Prakasa, Adinda; Meliala, Aurora
Law Review Volume 23 No. 2 (November 2023)
Publisher : Faculty of Law, Universitas Pelita Harapan | Lippo Village, Tangerang 15811 - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/lr.v23i2.7475

Abstract

The establishment of the International Centre for Settlement of Investment Disputes (ICSID) was driven by the objective of enabling an arbitration process characterized by complete autonomy, self-containment, and independence. One of the significant features of the ICSID system is the capacity to request the annulment of arbitral awards made under its auspices. The annulment process is governed by Article 52(1) of the ICSID Convention and is limited to the grounds set out there in without examining the merits or legal facts. Under Article 52(1)(a) of the ICSID Convention, either party may submit a written application seeking annulment on the grounds of the improper constitution of the tribunal. This ground is rarely invoked, and an award was only annulled for the first time in 2020. There is no consensus on the conditions under which this ground may be invoked. This research aims to discuss the applicable standard of the ICSID annulment grounds concerning the improper constitution of the Tribunal. A normative legal method focusing on the statute and case approaches is applied to achieve this objective. After reviewing previous legal cases, the annulment standard regarding the tribunal's improper constitution is quite uncertain within the ICSID framework. To improve the awards, scholars have proposed various proposals for reforming the ICSID annulment system, such as establishing a doctrine of "precedent," a single appellate body, and precise requirements for arbitrators to be impartial.
MAPPING EFFECTIVE MULTI REGIONAL TREATIES ON BLUE ECONOMY Meliala, Aurora
Transnational Business Law Journal Vol. 5 No. 1 (2024): TRANSNATIONAL BUSINESS LAW JOURNAL Volume 5, Number 1, February 2024
Publisher : Department of Transnational Business Law, Faculty of Law Universitas Padjadjaran

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23920/transbuslj.v5i1.1609

Abstract

Indonesia as an archipelago with more than 17,000 islands, has a unique geographical and great potential as a maritime country. Primarily, Indonesia's efforts to realize sustainable fisheries is by promoting and implementing the ASEAN Blue Economy Framework as one of the country's economic deliverables. Furthermore, among the various measures and policies that have been set by the Indonesian government, measurable fishing is a breakthrough in fostering the marine and fisheries sector and specifically regulating the blue economy. In the context of international trade, Indonesia has also made several efforts including the implementation of measured quotas and sustainable certification. Quotas and certification are two ways to resolve the issue of legality. Even so, illegal fishing is still a major challenge in the framework of sustainability. One of the main goals that Indonesia can set to ensure its involvement and leadership in ASEAN maritime connectivity is the construction of a national sustainable fisheries system, that is specifically related to the implementation strategy of sustainability commitment, that serves as a pioneer/pioneer of similar systems in the regional arena.
ICSID Annulment: Legal Triumph or Political Galumph? Putri Prakasa, Adinda; Meliala, Aurora
Law Review Volume 23 Issue 2 (November 2023)
Publisher : Faculty of Law, Universitas Pelita Harapan | Lippo Village, Tangerang 15811 - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/lr.v23i2.7475

Abstract

The establishment of the International Centre for Settlement of Investment Disputes (ICSID) was driven by the objective of enabling an arbitration process characterized by complete autonomy, self-containment, and independence. One of the significant features of the ICSID system is the capacity to request the annulment of arbitral awards made under its auspices. The annulment process is governed by Article 52(1) of the ICSID Convention and is limited to the grounds set out there in without examining the merits or legal facts. Under Article 52(1)(a) of the ICSID Convention, either party may submit a written application seeking annulment on the grounds of the improper constitution of the tribunal. This ground is rarely invoked, and an award was only annulled for the first time in 2020. There is no consensus on the conditions under which this ground may be invoked. This research aims to discuss the applicable standard of the ICSID annulment grounds concerning the improper constitution of the Tribunal. A normative legal method focusing on the statute and case approaches is applied to achieve this objective. After reviewing previous legal cases, the annulment standard regarding the tribunal's improper constitution is quite uncertain within the ICSID framework. To improve the awards, scholars have proposed various proposals for reforming the ICSID annulment system, such as establishing a doctrine of "precedent," a single appellate body, and precise requirements for arbitrators to be impartial.
Co-Authors Putri Prakasa, Adinda