PERMANENT COURT OF ARBITRATION

PERMANENT COURT OF ARBITRATION

Subject : International Organisations

Context :The government had explained to SC that India was bound by the award of the arbitral tribunal formed under the United Nations Convention on the Law of the Sea (UNCLOS) in Italian mariners case.

Concept :

Permanent Court of Arbitration

• Established in: 1899.
• HQ: Hague, Netherlands.
• It 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.
• The PCA has a three-part organizational structure consisting of:

Administrative Council- to oversee its policies and budgets,

Members of the Court- a panel of independent potential arbitrators, and

International Bureau- its Secretariat, headed by the Secretary-General.

• It has Financial Assistance Fund which aims at helping developing countries meet part of the costs involved in international arbitration or other means of dispute settlement offered by the PCA.