The recognition and enforcement of ICSID awards is governed by Articles 53, 54 and 55 of the ICSID Convention. A party who seeks enforcement of an ICSID award may do so in any ICSID Contracting State, under the same conditions, and may simultaneously do so in more than one State.[1] The choice of enforcement forum […]
Enforcement of Arbitration Awards
Enforcement of Arbitral Awards in the UAE
There are two ways to enforce foreign arbitral awards in UAE. The recommended one is using the two-level civil court system of the Dubai International Financial Centre (DIFC), since the DIFC courts are generally pro-arbitration and can be expected to enforce a valid arbitration agreement. And the other one is using the normal three-level court […]
Arbitration Law in Turkey
In response to foreign investors who sought a modern international arbitration law in Turkey and by reason of the country’s strategic geographic position as a bridge between the East and the West, the Turkish Parliament, on 21 June 2001, enacted the Turkish International Arbitration Law No. 4686 (Hereinafter “IAL”), which is based on the UNCITRAL […]