The emergency arbitration, hereinafter EA, is a relatively new tool of the arbitration procedure and, consequently, the research on this topic is scarce. Nevertheless, more and more arbitration institutions continue to adopt this innovative mechanism. International Chamber of Commerce (hereinafter ICC) and the Arbitration Institution of the Stockholm Chamber of Commerce (hereinafter SCC) have recently updated their rules, which now include EA as well. These respectable arbitration institutions are one of the most influential in Europe and have a high caseload.  Both institutions’ rules are considered to be one of the most meticulous on the subject of EA. SCC and ICC also have approximately the same number of cases on EA. 

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This paper deals with the characteristics of the term sovereignty as well as state power. Its aim is to find out whether the sovereign position of the states is changed in terms of an era of globalization. We can demonstrate this by answering the question whether the Slovak Republic lost its sovereignty when accessing the European Union. In this paper, the accession of the Slovak Republic into the European Union and the transmission of part of its sovereignty are also mentioned briefly. The reader can find the definition of sovereignty within the interpretation of the Constitutional Court of Czech Republic, and the possibility for Member States to withdraw from the European Union. Last but not least, the article is finished with the cogitation about the power position of nation states. 

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1. Sovereignty

Post-independent African nations were eager to enjoy their newly acquired freedom and sovereignty when they established the Organization of the African Unity (hereafter OAU). Hence, they inscribed sovereignty as the basic tenet of the OAU so that they can ‘easily’ guard their domestic affairs against outside intervention. The OAU Charter stated protection of sovereignty, territorial integrity, and independence of member states as the principles of the newly established organization. 

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Introduction

Some immediate observations about the digital environment around us are its distinctive net-shaped nature and its ever-increasing potential in terms of efficiency. Both these features, albeit true, might lead to hasty statements concerning the effects of the digital world on legal regulations. The impact of the Internet is taken into consideration in almost every field of research and production, but a full analysis of its consequences is, in fact, hardly ever provided.

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