New York Convention

The New York Convention is an international treaty in which there is an enforcement of arbitration agreements and awards primarily depends, and has been entered into by approximately 120 countries, including the major trading countries of Latin America, with the notable exception of Brazil. The New York Convention has been seen as an example of an international treaty and has been considered the most important multilateral treaty on international arbitration due to its requirements for the courts in contracting states to recognize arbitration agreements in writing and to refuse to allow a dispute to be litigated before them when it is subject to an arbitration agreement. Additionally, the New York Convention will force courts to recognize and enforce foreign arbitral awards despite differences in international law.

The following questions have been addressed in this article:

Are these arbitral awards binding?

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