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 Home > LAWYERS > Arbitration > Arbitration |
5
Arbitration has become the dispute resolution mechanism of choice in cross-border contracts. International arbitration not only paves the way for the parties to avoid state courts, it also facilitates transnational enforceability of awards far beyond the enforceability of state court judgments.
The major instrument to that effect is the Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 10 June 1958 (the so-called New York Convention), for good reasons labelled as the Magna Carta of international arbitration.
The New York Convention has been ratified by 144 states so far. In this book experienced practitioners comment on the Convention article-by-article. A systematic introduction offers additional guidance. This traditional German approach provides for a clear structure which will swiftly guide the reader to the issue he or she is engaged with.
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