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PART III PROCEDURE, 12 INHERENT POWERS OF NATIONAL AND INTERNATIONAL COURTS: THE PRACTICE OF THE IRAN-US CLAIMS TRIBUNAL

Friedl Weiss

From: International Investment Law for the 21st Century: Essays in Honour of Christoph Schreuer

Edited By: Christina Binder, Ursula Kriebaum, August Reinisch, Stephan Wittich

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 09 May 2021

The importance of the role of judicial bodies in maintaining the rule of law in the international legal order has increased significantly in recent decades and with it their exercise of hitherto unprecedented judicial powers. This trend has unquestionably been reinforced by the dispute settlement system of the World Trade Organization (WTO), governed by the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU), which has widely been acknowledged to be successful. Similarly, arbitration between a State and a private party, whether...
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