Whether the appeal against the international arbitral award was admissible despite a contractual waiver of appeal
The appeal was inadmissible because the appellant had validly waived judicial review and its contrary position breached good faith.
The waiver clause satisfied Art. 192(1) PILA. The appellant could not rely on the contract to claim the penalty while simultaneously denying its existence to escape the waiver clause; this contradictory stance violated good faith.