New Court at The Hague to Arbitrate in Global Financial Disputes
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Financial firms and investors in complex cross-country disputes can turn to a new tribunal in The Hague, the latest of six international courts in the Netherlands.
“National courts and ad hoc arbitration until now haven’t succeeded in unambiguous, authoritative jurisprudence,” Jeffrey Golden, chairman of the management board for the new Panel of Recognized International Market Experts in Finance, said in a statement. The arbitration and mediation service, known as Prime Finance, will officially open today.