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 […]
Enforcement of Arbitration Awards
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 […]
O reconhecimento do laudo arbitral estrangeiro no Brasil
Ainda que não proferida pelo juiz togado, o laudo arbitral se equipara à sentença estatal. Assim, a decisão emanada de um tribunal arbitral terá os mesmos efeitos de uma decisão do Poder Judiciário. O Brasil adota o critério geográfico para distinguir as sentenças arbitrais nacionais dos laudos arbitrais estrangeiros. Desta forma, “considera-se sentença arbitral estrangeira […]
نبذة عن ديوان المظالم في المملكة العربية السعودية
مفهوم ديوان المظالم في المملكة العربية السعودية يعد ديوان المظالم بالمملكة العربية السعودية هيئة قضائية وطنية مستقلة تسعى بكل الطرق و الوسائل الممكنة إلى تحقيق العدل و الإنصاف من خلال الرقابة القضائية الفاعلة على أعمال الهيئات الإدارية عن طريق الدعاوى الماثلة أمامه لضمان حسن تطبيق الأنظمة و اللوائح المقررة و كذلك تطوير آليات التواصل مع […]
The Legal Framework for the Enforcement of Arbitral Awards in Saudi Arabia
The legal framework for the enforcement of foreign arbitral awards in the Kingdom of Saudi Arabia has changed dramatically over the past decade. In 2012, Saudi Arabia enacted a new Arbitration Law, based on the 1985 UNCITRAL Model Law. This replaced its 1983 Arbitration Law. The previous procedure for the enforcement of arbitral awards had […]
Enforcement of Arbitration Awards in France
The annulment of an arbitration award by a foreign jurisdiction is not a ground for refusing the enforcement of arbitration awards in France. The constant position of the French courts on the enforcement of foreign arbitration awards has been recalled by the Tribunal de Grande Instance d’Every in a decision of 10 February 2017, reproduced […]
Arbitration in Brazil
Arbitration in Brazil has developed significantly over recent decades. The latest ICC statistical report for the year 2016 shows an increasing number of Brazilian parties using arbitration, with 123 Brazilian parties compared to 112 in 2014, placing Brazil in 3rd place in party-rankings worldwide. Brazil is today described as having a pro-arbitration legal regime and […]
