Enforcing foreign arbitration awards
Article Abstract:
Parties in international arbitration rely on treaties and statutes for enforcement since arbitrators themselves have no power to enforce awards, and the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards has gained widespread acceptance by the international community. Most countries which accept arbitration as a legal alternative to lawsuits are signatories to this convention. By signing the convention, the US has indicated its support for voluntary settlement of commercial disputes.
Publication Name: Dispute Resolution Journal
Subject: Law
ISSN: 1074-8105
Year: 1998
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The role of party autonomy in international arbitration
Article Abstract:
National legislatures are moving in the direction of granting maximum party autonomy in arbitration agreements in recognition of the business community's need to shape its contractual relationships both nationally and internationally. Treaties, national legislation and national courts reflect the need for broad party autonomy in arbitration agreements. Parties have broad autonomy in procedural matters but are restricted in their application of substantive law.
Publication Name: Dispute Resolution Journal
Subject: Law
ISSN: 1074-8105
Year: 1997
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