Arbitrator is strictly confined.....27 Sep 2024 17:15
...as to what he can do and, for example, he CANNOT and WILL NOT listen to Hebei saying they agreed too higher figure in the contract. So we are likely to get a decent ruling in our favour. But (you knew there would be a 'but') if they are not willing or able to pay what is awarded, then it might not be quick or easy to enforce the award, particularly because Hebei are a Chinese outfit and the award is in Africa. Of course that is likely to be a reason why it may be worth taking a lower cash offer.