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The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, also known as the New York Convention was adopted by a United Nations diplomatic conference on 10 June 1958 and entered into force on 7 June 1959. The Convention requires courts of contracting states to give effect to agreements to arbitrate and to recognize and enforce arbitration awards made in other contracting states. Widely considered the foundation instrument for international arbitration, it applies to arbitrations which are not considered as domestic awards in the State where recognition and enforcement is sought. Other international conventions apply to the cross border enforcement of arbitration awards, but the New York Convention is by far the most important.

Background In 1953, the International Chamber of Commerce (ICC) produced the first draft Convention on the Recognition and Enforcement of International Arbitral Awards to the United Nations Economic and Social Council (ECOSOC). With slight modifications, the ECOSCOC submitted the convention to the Internationl Conference in the Spring of 1958. The Conference was chaired by Willem Schurmann, the Dutch Permanent Representative to the United Nations and Oscar Schachter, a leading figure in international law who later taught at Columbia Law School and School of International and Public Affairs, and served as the President of the American Society of International Law.

International arbitration is an increasingly popular means of alternative dispute resolution for cross-border commercial transactions. The primary advantage of international arbitration over court litigation is enforceability: an international arbitration award is enforceable in most countries in the world. Other advantages of international arbitration include the ability to select a neutral forum to resolve disputes, that arbitration awards are final and not ordinarily subject to appeal, the ability to choose flexible procedures for the arbitration, and confidentiality.

Once a dispute between parties is settled, the winning party needs to collect the award or judgment. Unless the assets of the losing party are located in the country where the court judgment was rendered, the winning party needs to obtain a court judgment in the jurisdiction where the other party resides or where its assets are located. Unless there is a treaty on recognition of court judgments between the country where the judgment is rendered and the country where the winning party seeks to collect, the winning party will be unable to use the court judgment to collect.

Countries which have adopted the New York Convention have agreed to recognize and enforce international arbitration awards. As of September 2007, 141 of the 192 United Nations Member States and the Holy See have adopted the New York Convention. Only 51 Member States and Taiwan have not yet adopted the New York Convention. A number of British Dependent Territories have not yet had the Convention extended to them by Order-in-Council.

Summary of provisions Under the Convention, an arbitration award issued in any a contracting state can generally be freely enforced in any other contracting state, only subject to certain, limited defenses. Those defenses are:

  • a party to the arbitration agreement was, under the law applicable to him, under some Capacity (law);
  • the arbitration agreement was not valid under its Contract (conflict)#Proper law;
  • a party was not given proper notice of the appointment of the arbitrator or of the arbitration proceedings, or was otherwise unable to present its case;
  • the award deals with an issue not contemplated by or not falling within the terms of the submission to arbitration, or contains matters beyond the scope of the arbitration (subject to the proviso that an award which contains decisions on such matters may be enforced to the extent that it contains decisions on matters submitted to arbitration which can be separated from those matters not so submitted);
  • the composition of the arbitral tribunal was not in accordance with the agreement of the parties or, failing such agreement, with the law of the place where the hearing took place (the "lex loci arbitri");
  • the award has not yet become binding upon the parties, or has been set aside or suspended by a competent authority, either in the country where the arbitration took place, or pursuant to the law of the arbitration agreement;
  • the subject matter of the award was not capable of resolution by arbitration; or
  • enforcement would be contrary to "public policy".


    • Text The text of the convention is available online.

    Parties to the New York Convention {| class="wikitable"|-! State! Date of Ratification! State! Date of Ratification|-| || 30 November 2005 ] 2001 [1989 ] 1989 [1989 ] 1997 [1975 ] 1961 [2000 ] 2006 [1988 ] 1992 [1993 ] 1960 [1975 ] 1974 [1995 ] 1993 [1971 ] 2002 [1996 ] 1961 [1987 ] 1960 [1988 ] 1986 [1962 ] 1975 [1987 ] 1979 [1987 ] 1991 [1993 ] 1974 [1980 ] 1993 [1972 ] 1983 [1988 ] 2002 [1962 ] 1959 [1998 ] 1993 [1962 ] 1959 [2006 ] 1994 [1961 ] 1968 [1962 ] 1984 [1991 ] 1983 [1975 ] 2000 [1962 ] 2002 [1960 ] 1981 [2001 ] 1981 [1959 ] 1969 [2002 ] 1961 [1979 ] 1995 [1989 ] 1973 [1978 ] 1996 [1998 ] 1992 [1998 ] 1989 [2005 ] 1995 [1983 ] 1994 [1962 ] 1985 [1994 ] 2000 [2006 ] 1997 [1996 ] 1971 [1998 ] 1982 [1994 ] 2006 [1959 ] 1998 ] 1998 ] 1964 [1983 ] 2003 [1964 ] 1970 [1961 ] 1999 [2005 ] 1984 [1997 ] 1988 [1967 ] 1961 [1994 ] 2002 [1961 ] 1960 [2000 ] 1979 [1994 ] 1994 [2001 ] 1986 [1993 ] 1992 [1976 ] 1977 [1962 ] 1972 [1965 ] 1959 [1964 ] 1959 [1966 ] 1967 [1992 ] 1992 [1960 ] 2006 [1975 ] 1970 [1983 ] 1996 [1995 ] 1995 [2002 ] 1994|}     

    States which are Not Party to the New York Convention {| class="wikitable"|-| || || |-| || || || |-| || || , Dem. Republic of the || |-| || || || |-| || || || |-| || || || |-| || || , Fed. States of |||-| || || || |-| || || || |-| || || || |-| || || || |-| || || || |-| || || || |}     

    External links



    The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, also known as the New York Convention was adopted by a United Nations diplomatic conference on 10 June 1958 and entered into force on 7 June 1959. The Convention requires courts of contracting states to give effect to agreements to arbitrate and to recognize and enforce arbitration awards made in other contracting states. Widely considered the foundation instrument for international arbitration, it applies to arbitrations which are not considered as domestic awards in the State where recognition and enforcement is sought. Other international conventions apply to the cross border enforcement of arbitration awards, but the New York Convention is by far the most important.

    Background In 1953, the International Chamber of Commerce (ICC) produced the first draft Convention on the Recognition and Enforcement of International Arbitral Awards to the United Nations Economic and Social Council (ECOSOC). With slight modifications, the ECOSCOC submitted the convention to the Internationl Conference in the Spring of 1958. The Conference was chaired by Willem Schurmann, the Dutch Permanent Representative to the United Nations and Oscar Schachter, a leading figure in international law who later taught at Columbia Law School and School of International and Public Affairs, and served as the President of the American Society of International Law.

    International arbitration is an increasingly popular means of alternative dispute resolution for cross-border commercial transactions. The primary advantage of international arbitration over court litigation is enforceability: an international arbitration award is enforceable in most countries in the world. Other advantages of international arbitration include the ability to select a neutral forum to resolve disputes, that arbitration awards are final and not ordinarily subject to appeal, the ability to choose flexible procedures for the arbitration, and confidentiality.

    Once a dispute between parties is settled, the winning party needs to collect the award or judgment. Unless the assets of the losing party are located in the country where the court judgment was rendered, the winning party needs to obtain a court judgment in the jurisdiction where the other party resides or where its assets are located. Unless there is a treaty on recognition of court judgments between the country where the judgment is rendered and the country where the winning party seeks to collect, the winning party will be unable to use the court judgment to collect.

    Countries which have adopted the New York Convention have agreed to recognize and enforce international arbitration awards. As of September 2007, 141 of the 192 United Nations Member States and the Holy See have adopted the New York Convention. Only 51 Member States and Taiwan have not yet adopted the New York Convention. A number of British Dependent Territories have not yet had the Convention extended to them by Order-in-Council.

    Summary of provisions Under the Convention, an arbitration award issued in any a contracting state can generally be freely enforced in any other contracting state, only subject to certain, limited defenses. Those defenses are:

  • a party to the arbitration agreement was, under the law applicable to him, under some Capacity (law);
  • the arbitration agreement was not valid under its Contract (conflict)#Proper law;
  • a party was not given proper notice of the appointment of the arbitrator or of the arbitration proceedings, or was otherwise unable to present its case;
  • the award deals with an issue not contemplated by or not falling within the terms of the submission to arbitration, or contains matters beyond the scope of the arbitration (subject to the proviso that an award which contains decisions on such matters may be enforced to the extent that it contains decisions on matters submitted to arbitration which can be separated from those matters not so submitted);
  • the composition of the arbitral tribunal was not in accordance with the agreement of the parties or, failing such agreement, with the law of the place where the hearing took place (the "lex loci arbitri");
  • the award has not yet become binding upon the parties, or has been set aside or suspended by a competent authority, either in the country where the arbitration took place, or pursuant to the law of the arbitration agreement;
  • the subject matter of the award was not capable of resolution by arbitration; or
  • enforcement would be contrary to "public policy".


    • Text The text of the convention is available online.

    Parties to the New York Convention {| class="wikitable"|-! State! Date of Ratification! State! Date of Ratification|-| || 30 November 2005 ] 2001 [1989 ] 1989 [1989 ] 1997 [1975 ] 1961 [2000 ] 2006 [1988 ] 1992 [1993 ] 1960 [1975 ] 1974 [1995 ] 1993 [1971 ] 2002 [1996 ] 1961 [1987 ] 1960 [1988 ] 1986 [1962 ] 1975 [1987 ] 1979 [1987 ] 1991 [1993 ] 1974 [1980 ] 1993 [1972 ] 1983 [1988 ] 2002 [1962 ] 1959 [1998 ] 1993 [1962 ] 1959 [2006 ] 1994 [1961 ] 1968 [1962 ] 1984 [1991 ] 1983 [1975 ] 2000 [1962 ] 2002 [1960 ] 1981 [2001 ] 1981 [1959 ] 1969 [2002 ] 1961 [1979 ] 1995 [1989 ] 1973 [1978 ] 1996 [1998 ] 1992 [1998 ] 1989 [2005 ] 1995 [1983 ] 1994 [1962 ] 1985 [1994 ] 2000 [2006 ] 1997 [1996 ] 1971 [1998 ] 1982 [1994 ] 2006 [1959 ] 1998 ] 1998 ] 1964 [1983 ] 2003 [1964 ] 1970 [1961 ] 1999 [2005 ] 1984 [1997 ] 1988 [1967 ] 1961 [1994 ] 2002 [1961 ] 1960 [2000 ] 1979 [1994 ] 1994 [2001 ] 1986 [1993 ] 1992 [1976 ] 1977 [1962 ] 1972 [1965 ] 1959 [1964 ] 1959 [1966 ] 1967 [1992 ] 1992 [1960 ] 2006 [1975 ] 1970 [1983 ] 1996 [1995 ] 1995 [2002 ] 1994|}     

    States which are Not Party to the New York Convention {| class="wikitable"|-| || || |-| || || || |-| || || , Dem. Republic of the || |-| || || || |-| || || || |-| || || || |-| || || , Fed. States of |||-| || || || |-| || || || |-| || || || |-| || || || |-| || || || |-| || || || |}     

    External links





     

    Convention On The Recognition And Enforcement Of Foreign Arbitral Awards



     
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