- Arbitral Award
- London Court of Arbitration
STATE CONTRACTS - CONTRACT BETWEEN A UNITED STATES COMPANY AND A GOVERNMENT AGENCY OF A MIDDLE EASTERN COUNTRY - PARTIES’ CHOICE THAT THEIR CONTRACT BE GOVERNED BY “ANGLO-SAXON PRINCIPLES OF LAW” – ARBITRAL TRIBUNAL REFERENCE WITHOUT FURTHER EXPLANATION TO THE UNIDROIT PRINCIPLES
A United States company and a government agency of a Middle Eastern country entered into a contract which contained a provision according to which any disputes which might arise would be settled on the basis of “Anglo-Saxon principles of law.”
In the absence of any further specification as to what exactly this formula might mean, the Arbitral Tribunal chose to refer expressly to the UNIDROIT Principles, and in particular to the rules on interpretation contained therein.