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Consider the following statement:
1. The Permanent Court of Arbitration is an organizer of arbitral tribunals to resolve international conflicts.
2. Its decisions are called “awards”.
3. Awards are not binding on parties and the parties can appeal against them.
Which of the statements given above are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statement:1. The Permanent Court of Arbitration...
In News: Recently, the Supreme Court (SC) has held that the case against two Italian marines will be closed only after Republic of Italy deposits with it Rs. 10 crore as compensation to victims.
Statement 1 is correct: The Permanent Court of Arbitration is an intergovernmental organization dedicated to serve the international community in the field of dispute resolution and to facilitate arbitration and other forms of dispute resolution between States. In real terms it is not a court, it is an organizer of arbitral tribunals to resolve conflicts between member states, international organizations, or private parties.
Statement 2 is correct: All decisions delivered by it are called “awards”.
Statement 3 is not correct: Awards are binding on all the parties in the dispute and have to be carried out without delay. The parties cannot appeal against them.
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Consider the following statement:1. The Permanent Court of Arbitration is an organizer of arbitral tribunals to resolve international conflicts.2. Its decisions are called “awards”.3. Awards are not binding on parties and the parties can appeal against them.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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