Arbitration
Here are the key international conventions for arbitration, along with their salient features and relevance:
1. New York Convention (1958)
- Full Name: United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
- Scope: Ensures uniform enforcement of foreign arbitral awards across 172+ contracting states. Applies to awards made outside the enforcing state or deemed “non-domestic” under local law .
- Key Provisions:
- Article II: Requires courts to refer parties to arbitration if a valid written agreement exists.
- Article V: Lists limited grounds for refusing enforcement (e.g., invalid arbitration agreement, procedural unfairness, or public policy violations) .
- Impact: Replaced the Geneva Protocol (1923) and Geneva Convention (1927), becoming the cornerstone of international arbitration .
2. ICSID Convention (1966)
- Full Name: Convention on the Settlement of Investment Disputes Between States and Nationals of Other States.
- Scope: Governs investor-state arbitration under the World Bank’s ICSID. Ratified by 158 states .
- Key Features:
- Establishes procedural rules for arbitration and conciliation.
- Awards are enforceable like domestic court judgments in member states (no recourse to national courts) .
3. European Convention on International Commercial Arbitration (1961)
- Scope: Streamlines arbitration procedures in Europe, focusing on arbitration agreements and procedural flexibility .
- Distinction: Complements the New York Convention but is less widely adopted.
4. Panama Convention (1975)
- Full Name: Inter-American Convention on International Commercial Arbitration.
- Scope: Covers commercial arbitration in the Americas, similar to the New York Convention but with regional focus .
5. UNCITRAL Model Law (1985, amended 2006)
- Status: Not a treaty but a framework adopted by 80+ countries to harmonize arbitration laws (e.g., Canada, Australia, India) .
- Key Aspects:
- Defines arbitration procedures, interim measures, and award enforcement.
- Integrates with the New York Convention for enforcement .
Other Notable Instruments
- Mauritius Convention (2014): Extends transparency rules in investor-state arbitration.
- Singapore Convention (2020): Enforces mediated settlement agreements (distinct from arbitration) .
Upcoming Arbitration Events (2025)
- ICC New York Conference (Sep 18–19): Focus on interim measures and trends .
- New York Arbitration Week (Nov 17–21): Networking and case law updates .
For ratification status or specific provisions, refer to the UN Treaty Collection or ICSID’s database . Would you like details on a specific convention’s application?