Post by account_disabled on Mar 6, 2024 19:30:30 GMT -8
On January PRIME Finance — Panel of Recognized International Market Experts in Finance — was born in The Hague Netherlands a new center for dispute resolution through mediation and arbitration specializing in controversies linked to complex financial operations and products. involving developed and developing financial markets www.primefinancedisputes.org .
The Court has an extensive list of experts in both finance and arbitration of different nationalities with varied academic backgrounds and distinguished professional experience. Some of them contributed in the past to the creation BTC Number Data implementation and regulation of financial instruments that will be the subject of future analysis by Prime Finance. Recently former United Kingdom Supreme Court judge Lord Collins of Mapesbury joined Prime Finance's list of arbitrators after his resignation from the Court which illustrates the level of experts involved in the project.
With the creation of Prime Finance parties involved in complex financial disputes such as those linked to derivatives now have the valuable option of submitting their disputes to a specialized court dedicated exclusively to the matter which increases the probability of obtaining a decision with high technical precision and uniformity.
Prime Finance itself calls itself the world's most relevant source of collective knowledge and experience in documentation laws and markets for derivatives and other complex financial products. Jeffrey Golden Management Board Chair at PRIME Finance and professor at the London School of Economics was one of the main creators of this new institution. Golden had been vigorously highlighting the clear need to create a highly specialized and technical court capable of providing uniformity and stability to the interpretation of the terms contained in international financial operations immune to local pressure — especially in developing countries — as well as a effective resolution of conflicts.
Currently international financial operations tend to elect London and New York courts to resolve future disputes. These courts have judges with experience in financial disputes and whose actions are characterized by probity. Furthermore the laws of England and New York when compared to other legislation are more favorable to creditor institutions as they do not allow prolonged defenses by the debtor party.
However these favorable aspects began to be debated intensely in the recent past mainly after supposedly inconsistent judgments related to the bankruptcy of Lehman Brothers handed down by Courts in New York [] and London [] . In fact although financial transactions are mostly based on standard documentation the risk of litigating in national courts would lie in different interpretations of the same contractual provision. Thus not only would the high level of technical knowledge of the national courts be sufficient but uniformity of understanding would also be necessary. Furthermore the level of complexity imposed on financial products in the last decade has been so high that specialization has become imperative.
The Court has an extensive list of experts in both finance and arbitration of different nationalities with varied academic backgrounds and distinguished professional experience. Some of them contributed in the past to the creation BTC Number Data implementation and regulation of financial instruments that will be the subject of future analysis by Prime Finance. Recently former United Kingdom Supreme Court judge Lord Collins of Mapesbury joined Prime Finance's list of arbitrators after his resignation from the Court which illustrates the level of experts involved in the project.
With the creation of Prime Finance parties involved in complex financial disputes such as those linked to derivatives now have the valuable option of submitting their disputes to a specialized court dedicated exclusively to the matter which increases the probability of obtaining a decision with high technical precision and uniformity.
Prime Finance itself calls itself the world's most relevant source of collective knowledge and experience in documentation laws and markets for derivatives and other complex financial products. Jeffrey Golden Management Board Chair at PRIME Finance and professor at the London School of Economics was one of the main creators of this new institution. Golden had been vigorously highlighting the clear need to create a highly specialized and technical court capable of providing uniformity and stability to the interpretation of the terms contained in international financial operations immune to local pressure — especially in developing countries — as well as a effective resolution of conflicts.
Currently international financial operations tend to elect London and New York courts to resolve future disputes. These courts have judges with experience in financial disputes and whose actions are characterized by probity. Furthermore the laws of England and New York when compared to other legislation are more favorable to creditor institutions as they do not allow prolonged defenses by the debtor party.
However these favorable aspects began to be debated intensely in the recent past mainly after supposedly inconsistent judgments related to the bankruptcy of Lehman Brothers handed down by Courts in New York [] and London [] . In fact although financial transactions are mostly based on standard documentation the risk of litigating in national courts would lie in different interpretations of the same contractual provision. Thus not only would the high level of technical knowledge of the national courts be sufficient but uniformity of understanding would also be necessary. Furthermore the level of complexity imposed on financial products in the last decade has been so high that specialization has become imperative.