TARPTAUTINIŲ SANKCIJŲ POVEIKIO ARBITRAŽO BYLOS INICIJAVIMUI IR ARBITRAŽO PROCESO VYKDYMUI PROBLEMINIAI ASPEKTAI
THE PROBLEMATIC ISSUE OF THE IMPACT OF INTERNATIONAL SANCTIONS ON THE INITIATION OF ARBITRATION AND THE CONDUCT OF ARBITRATION PROCEEDINGS

Summary/Abstract: In this article, the author analyzes the problem of the impact of interna­tional sanctions on the initiation of arbitration and the conduct of arbitration proceed­ings, which is little ­studied in international legal doctrine. This research revealed that international sanctions do not affect the validity of the arbitration agreement per se, but could affect the ability of designated subjects to pay arbitration fees, inter alia making other mandatory payments in the course of arbitration due to which the arbitration may not be initiated or may be terminated. International sanctions do not suspend the ac­tivities of arbitration institutions per se. Arbitration institutions shall develop compliance mechanisms that facilitate the rapid finding of certain solutions for arbitration institu­tions and other subjects in the context of the application of international sanctions. Ar­bitrators should also conduct compliance procedures to, inter alia, further assess whether their decisions in a particular arbitration case would not violate their own national laws.

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