Anti-Arbitration Injunctions in Cases Involving Investor-State Arbitration: British Caribbean Bank Ltd. v. The Government of Belize

摘要

Over the last few years, the international legal community has become increasingly interested in anti-arbitration injunctions, which are analogous to anti-suit injunctions except that the former prohibits the initiation or continuation of an arbitration while the latter focuses on judicial actions. At this point, very few courts have actually issued an injunction of this type. Nevertheless, a number of commentators have expressed concern about these mechanisms, since they can wreak havoc with contractual or treaty-based expectations about how a particular dispute is to be resolved. Indeed, some scholars and practitioners would prefer that these sorts of injunctions be made universally unavailable. However, other people believe that there are times when a court may enjoin arbitral procedures without damaging any of the core principles of arbitration law and practice.