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

The New York Convention is an international agreement adopted in 1958 that facilitates the recognition and enforcement of foreign arbitral awards—decisions made by international arbitrators—across its member countries. It ensures that if a party wins an arbitration award in one country, they can seek to have that award recognized and enforced in another member country without needing to re-litigate the case. The Convention promotes global commerce by providing a reliable legal framework for international arbitration, reducing the risk and uncertainty associated with cross-border disputes. Currently, over 160 countries are parties to this convention.