An Arbitrator‘s Power To Decide ex aquo et bono A Sleeping Beauty? Austrian/Polish Twin Conference Martin Platte • ex aequo et bono: according to what is just and good • aequitas: equity, fairness, natural justice • aequitas vs summum ius („strict law“) • amiable compositeur Austrian/Polish Twin Conference Martin Platte • Commercial Arbitration European Convention Model Law National Laws Arbitration Rules • Public Int‘l Law / Investment arbitration ICJ ICSID Austrian/Polish Twin Conference Martin Platte • ex aequo et bono vs amiable compositeur – authority to decide detached from legal rules – authority to mitigate inequitable effects of law • meaningful or artificial distinction? • method vs result Austrian/Polish Twin Conference Martin Platte • only possible with express consent of parties • intent of parties • not: lex mercatoria • choice of lex mercatoria ≠ ex aequo et bono Austrian/Polish Twin Conference Martin Platte Limitations of power to decide ex aequo et bono international public policy public policy of seat of arbitration / place of enforcement decisions regarding jurisdiction procedural rules mandatory rules (?) contract adaptation (?) award must be reasoned relevant facts must be established Austrian/Polish Twin Conference Martin Platte Examples of decisions ex aequo et bono time-barred claims notice periods penalty clauses rules of evidence quantum of damages Austrian/Polish Twin Conference Martin Platte Thank you for your attention! Austrian/Polish Twin Conference Martin Platte