Plan to Create International Banking Tribunal in the Hague

Dutch not-for-profit organisation World Legal Forum (WLF) is leading an initiative to create an international tribunal for the resolution of banking disputes in the Hague. It is thought that tribunal of this kind might be attractive for banks seeking to resolve complex cross-border disputes. Allen & Overy special US counsel Jeffrey Golden is heavily involved in the initiative and sits on the WLF preparatory committee for the tribunal, which also includes senior delegates from The International Swaps and Derivatives Association and the European and Dutch central banks. Legal and financial specialists will meet in June to discuss the plan and address the practical questions of how it might operate and how its decisions could be enforced.

Plan to Create International Banking Tribunal in the Hague legalweek.com Thu, Mar 4, 2010