1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards

The 1958 New York Convention is an international treaty that makes it easier for countries to recognize and enforce foreign arbitration awards. When two parties agree to resolve their disputes through arbitration instead of going to court, this treaty ensures that the decisions made by arbitrators in one country can be enforced in another. It promotes international trade and investments by providing a reliable framework that supports the validity of arbitration agreements and decisions, helping create trust in cross-border business transactions. This convention is a key element in global arbitration practices, with many countries participating.