If you look up the word ‘clout’ in a dictionary you will find a variety of meanings.
A blow especially with the hand.
A white cloth on a stake or frame used as a target in archery.
A piece of cloth or leather.
If you are wondering what this has to do with your paper F4 studies, you would be right, absolutely nothing!!
However, what is relevant to your studies, is that based on a decision by the United Nations Commission on International Trade Law (UNCITRAL) at its twenty-first session in 1988, the Secretariat established a system for collecting and disseminating information on, court decisions and arbitral awards relating to Conventions and Model Laws that have emanated from the work of the Commission.
The acronym for the system is CLOUT (Case law on UNCITRAL texts).
This would be an obvious source of application questions for the examiner. Some of the CLOUT decisions are referred to already in your study materials.
In future blogs we shall look at some of the more recent cases, the facts of which, which might well feature in examination questions.