What is the New York Convention 1958?

The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, done in New York, 10 June 1958 (the New York Convention), is described as the most successful treaty in private international law. It is adhered to by more than 160 nations.

Why is the New York Convention 1958 important?

The 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards – known as the “New York Convention”- has been described as the most important and successful United Nations treaty in the area of international trade law.

When did the New York Convention on the Recognition and enforcement of foreign Awards 1958 come into force and how many countries are a party to it?

Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958) (the “New York Convention”) Entry into force: The Convention entered into force on 7 June 1959 (Article XII).

What purpose does the New York Convention have?

Almost 60 years after its creation, the New York Convention continues to fulfil its objective of facilitating the recognition and enforcement of foreign arbitral awards, and in the years to come, will guarantee the continued growth of international arbitration and create conditions in which cross-border economic …

What was the convention in New York in 1958?

1958 – Convention on the Recognition and Enforcement of Foreign Arbitral Awards – The New York Convention Signatories’ Map – New York convention Guide 1958 Home 1958 New York Convention Guide contact

Are there any authentic texts of the New York Convention?

The Chinese, English, French, Russian and Spanish texts of the New York Convention have been decided to be equally authentic (Article XVI sub 1). www.newyorkconvention.org provides the original texts below. Also, a large number of (non-authentic) translations are available.

What was Article V of the New York Convention?

3. Article V (1) (e) of the New York Convention was drafted with a view to remedy these shortcomings.

Which is the 165 th state party to the convention?

Ethiopia has become the 165 th State party to the Convention on the Recognition and Enforcement of Foreign Arbitral A… With its accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, effected on 12 June

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