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The
1907 Hague Convention for an International Prize Court never came
into force.
The
International Prize Court would have had obligatory competence which
would make it a true international judicial tribunal, as distinct
from a mere arbitral forum.
The
court would also have functioned as a court of appeal of decisions
of national courts. Appellants could be states or individuals. In
the absence of a legal foundation in international law for its
judgment, it was to follow the principles of justice and equity.
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