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

The New York Convention is an international treaty that facilitates the recognition and enforcement of arbitration awards across its member countries. It ensures that a fair and binding arbitration decision made in one country can be recognized and enforced in another, making cross-border dispute resolution more reliable and efficient. This treaty promotes international trade and investment by providing a predictable legal framework, reducing the risk of non-enforcement, and simplifying the process for parties seeking to uphold arbitration awards internationally.