Enforcing an investment arbitration award against a sovereign State is not easy. It is particularly hard when that State firmly refuses to pay after losing an arbitration. Such a situation is obviously problematic for an investor. An investor must spend considerable resources, usually in the realm of millions of dollars, prior to receiving a favorable […]
International Arbitration in V4 Countries
V4 Countries, also known as the Visegrad Group, is a political and cultural alliance formed in 1991 by four Central European countries – the Czech Republic, Hungary, Poland and Slovakia. International arbitration in V4 countries is not a centralised matter. Consequently, this area is subject to the legislation of each State. This blog provides a […]
Arbitration Award Enforced in England Despite Evidence of Fraud
The New York Convention compels its 157 contracting Parties to enforce arbitration awards: “A New York Convention award may, by leave of the court, be enforced in the same manner as a judgment or order of the court to the same effect”. This enforcement requirement, found in Section 101 of the Arbitration Act 1996, is however […]
Arbitration in Iraq – Iraq Endorses Ratification of the New York Convention
After many delays, on 6 February 2018, Iraq officially endorsed the ratification of the New York Convention, a promising step for arbitration in Iraq. Although in theory Iraq accepts the idea that the New York Convention is necessary, there has been little attention on its accession until recently. Although no drafts of the law are […]
Court of Arbitration for Sport (CAS) and Development of Sports Arbitration
Sports Arbitration is becoming a popular subfield in arbitration with an ever-growing number of cases being registered at the Court of Arbitration for Sport (the “CAS”). The CAS was created in 1984 as a part of the International Olympic Committee, with the idea of solving a rising number of sports conflicts. It is placed under the administrative […]