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The New York Convention on the UN Audiovisual Library of International Law, with an introductory note by Albert Jan van den Berg, video footage and photos related to the negotiations and adoption of the convention. ICCA's Guide to the New York Convention Archived 24 June 2019 at the Wayback Machine (The International Council for Commercial ...
International arbitration is an alternative to local court procedures. International arbitration has different rules than domestic arbitration, [6] and has its own non-country-specific standards of ethical conduct. [7] The process may be more limited than typical litigation and forms a hybrid between the common law and civil law legal systems. [8]
New York Convention may refer to several treaties signed in New York City: Convention on the Privileges and Immunities of the United Nations (1946) Convention for the Suppression of the Traffic in Persons and of the Exploitation of the Prostitution of Others (1950) Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958)
There is currently an assumption that online arbitration is admissible under the New York Convention and the E-Commerce Directive, but this has not been legally verified. [59] Since arbitration is based on a contractual agreement between the parties, an online process without a regulatory framework may generate a significant number of ...
The New York Convention is not actually the only treaty dealing with cross-border enforcement of arbitration awards. The earlier Geneva Convention on the Execution of Foreign Arbitral Awards 1927 remains in force, but the success of the New York Convention means that the Geneva Convention is rarely utilised in practise.
The entry into force of a convention is usually dependent upon the deposit of a minimum number of instruments of ratification. UNCITRAL conventions: the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention) (1958) the Convention on the Limitation Period in the International Sale of Goods (1974)
In addition, NYIAC organizes educational events and focuses on advancing and promoting international arbitration in New York by inviting practitioners to be involved. [1] It is located in New York City. [2] The center was established following a recommendation by a task force of the New York State Bar Association ("NYSBA") in 2011. [3]
The British Virgin Islands acceded to the 1958 New York Convention on 25 May 2014. Prior to that date it was possible to enforce arbitral awards from New York Convention states under the old Arbitration Cap, 1976 which had incorporated the provisions of the Convention into domestic law with effect to the recognition of overseas arbitration awards.