The Hague opens international financial tribunal
An international tribunal to settle financial disputes throughout the world has opened in the Dutch city of The Hague on Monday. The tribunal’s name, PRIME Finance, stands for Panel of Recognized International Market Experts in Finance. The team of judges includes almost 100 people, whose work will be supported by international legal and market experts. The establishment of new legal institution has been supported by the City of The Hague and the Dutch Ministry of Economic Affairs, and will be housed in The Hague’s Peace Palace. It is also home to the United Nations International Court of Justice and the Permanent Court of Arbitration.