Reciprocity

Additional Facility Rules, Arbitration Agreements, Awards, Enforceability, Enforcement, New York Convention, Reciprocity, Recognition and enforcement of arbitral award

, (Baker McKenzie)/ /Leave a comment

In a recent decision, the Austrian Supreme Court ruled on the enforceability of an investor-state award rendered under the ICSID Additional Facility Rules. While the Supreme Court found that the award was — in principle — enforceable under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards from 1958 (“NYC“), it upheld the…

New York Convention, Reciprocity, Recognition and enforcement of arbitral award, Singapore

(Drew & Napier LLC)/ /Leave a comment

Arbitration’s key strength lies in the near-universal enforcement of its arbitral awards. The 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards (“New York Convention”) offers parties the benefit of going under a uniform enforcement regime in all of its Contracting States. But whilst it is a popular choice, the New York Convention…

Africa, New York Convention, New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, Reciprocity, Recognition and enforcement of arbitral award, Republic of Seychelles, Switzerland

(Taylor Wessing) and (University of Konstanz, Germany)/ /Leave a comment
YIAG

On 3 February 2020, the Republic of Seychelles became the 162nd Contracting State of the New York Convention (already followed by Palau as number 163, reported here). The New York Convention thus comes into force for the Seychelles today (Article XII(2) New York Convention). The Cabinet and the National Assembly had approved the accession on…

China, Reciprocity, Recognition and enforcement of arbitral award

(King & Wood Mallesons)/ /Leave a comment
YSIAC

There have been a number of recent developments in Chinese judicial practice. These include the first known enforcement of foreign court judgments in China on the basis of reciprocity,1)References to the enforcement of foreign court judgments are generally intended to include recognition and enforcement of those judgments. as well as China’s signing of the Hague…