Arbitration Internationat MISSION STATEMENT A forum for the rigorous examination of the international arbitral process, whether public or private; to publish not information or news, but contributions to a deeper understanding of the subject. Editorial Board GENERAL E D I T O R Professor William W. Park DEPUTY GENERAL EDITORS Dr. Hege Elisabeth Kjos Ruth Teitelbaum Thomas W. Walsh EDITORS Professor Dr. Klaus Peter Berger Nigel Blackaby Paul Friedland Professor Dr. Richard Kreindler Professor Dr. Loukas Mistelis Salim Moollan Karyl Nairn Nicolas Ulmer SPECIAL ISSUES E D I T O R V.V. Veeder, QC PRODUCTION EDITOR Ethu Crorie KluwerLaw International 250 Waterloo Road London SE1 8RD United Kingdom www.kluwerlaw.com LCIA 70 Fleet Street London EC4Y1 EU telephone: +44 (0) 20 79M6 6200 fax: +44 (0) 20 7986 6211 email: [email protected] www.lcia.org All reviewcopies of books should be sent to Thomas W. Walsh, Sullivan & Cromwell LLP, 125 Broad Street, New York, NY 10004-2498, USA. Arbitration International seeks independent scholarship and cannot accept material from authors with direct professional involvement in cases forming the focus of an article. Editorial decisions are made based on full articles or notes, rather than topicproposals, submitted by the authors themselves. Please address all editorial correspondence (including submission of articles) to: Catherine Zara Raymond, Assistant to the Editorial Board Arbitration International e-mail: [email protected] Where e-mail cannot be used, please address any correspondence to: Catherine Raymond, Assistant to the Editorial Board Arbitration International c/o LCIA 70 Fleet Street London EC4Y1EU Arbitration International A journal published quarterly Volume 30 Issue 4 2014 page ARTICLES Applicable Law in Disputes Concerning Economic Sanctions: A Procedural Framework for Arbitral Tribunals K.H. Bbckstiegel Metaphors, Maxims, and Other Mischief- The Freshfields Arbitration Lecture JanPaubson 605 615 y The Authority of the Arbitrator The Hon James Allsop 639 Is it Always All About the Money? The Appropriateness of Non-Pecuniary Remedies in Investment Treaty Arbitration Gisele Stephens-Chu 661 CASE NOTE Tickets, Money, Passport - and an Arbitration Agreement? Pro-Arbitration Policy in Dampskibssebkabet Norden A/S v. Gladstone Civil Pty Ltd Jesse Kennedy 687 CURRENT DEVELOPMENT Lex Mercatoria: Reflections from an English Lawyer Anthony Connerty 701 Consolidated Index - Volume 30 721 List of Contributors - Volume 1-30 737 Published by Kluwer Law International 250 Waterloo Road London S E 1 8 R D United Kingdom Sold and distributed in North, Central and South America by Aspen Publishers, Inc. 7201 McKinney Circle Frederick, M D 21704 United States of America E-mail: [email protected] London Court of International Arbitration 70 Fleet Street London E C 4 Y 1 E U United Kingdom E-mail: [email protected] Sold and distributed in all other countries by Turpin Distribution Pegasus Drive Stratton Business Park, Biggleswade Bedfordshire S G I 8 8TQ. United Kingdom E-mail: [email protected] ISSN 0957-0411 © 2014, London Court of International Arbitration (in co-operation with Kluwer Law International, T h e Netherlands) This journal should be cited as (2014) 30 Arbitration International Arbitration Internationalis published four times per year. Subscription prices for 2014 [Volume 30, Numbers 1 through 4] including postage and handling: Print subscription prices: E U R 651 / U S D 8 6 8 / G B P 478 Online subscription prices: E U R 6 0 3 / U S D 8 0 4 / G B P 443 (covers two concurrent users) This journal is also available online atwww.kluwerlawonline.com. Sample copies and other information are available at www.kluwerlaw.com. For further information at please contact our sales department at +31 (0) 172 641562 or at [email protected]. For Marketing Opportunities Contact marketing@kluwerlaw. com All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, mechanical, photocopying, recording or otherwise, without prior written permission of the publishers. Permission to use this content must be obtained from the copyright owner. Please apply to: Permissions Department, Wolters Kluwer Legal, 76 Ninth Avenue, 7th floor, New York, NY 10011, United States of America. E-mail: [email protected]. Website: www.kluwerlaw.com. Printed on acid-free paper.