Data
- Date:
- 00-00-2004
- Country:
- Arbitral Award
- Number:
- 13152
- Court:
- ICC International Court of Arbitration 13152
- Parties:
- Parties unknown
Keywords
RATE OF INTEREST - TO BE DETERMINED ACCORDING TO ARTICLE 7.4.9 UNIDROIT PRINCIPLES IRRESPECTIVE OF SOLUTION ADOPTED BY THE LEX CONTRACTUS SINCE UNIDROIT PRINCIPLES PERMIT ADOPTION OF "A JUST AND REASONABLE" RATE OF INTEREST
Abstract
In a dispute the Arbitral Tribunal applied Article 7.4.9 of the UNIDROIT Principles irrespective of the solution adopted by the lex contractus or any other domestic laws applicable according to the relevant conflict of laws rules on the ground that the UNIDROIT Principles permit the application of "a just and reasonable" rate of interest.
Fulltext
}}
Source
E. Jolivet, L'harmonisation du droit OHADA des contrats: l'influence des Principes d'UNIDROIT en matière de pratique contractuelle et d'arbitrage, in Unifrom Law Review, p. 127 et seq. (p.143 fn 37)}}