Convention on the Recognition and Enforcement of Foreign Arbitral Awards

The Convention on the Recognition and Enforcement of Foreign Arbitral Awards is an international treaty that simplifies the process of recognizing and enforcing court decisions made in arbitration proceedings across different countries. When parties agree to resolve disputes through arbitration, this treaty ensures that an award (decision) made in one country can be accepted and enforced in another, reducing legal barriers and promoting international commercial fairness. Essentially, it helps ensure that arbitration awards are respected and carried out worldwide, facilitating smoother cross-border business transactions.