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

The New York Convention, established in 1958, is an international treaty that facilitates the recognition and enforcement of foreign arbitral awards. It allows countries to honor and enforce arbitration decisions made in other nations, ensuring that agreements made outside one's borders are respected. This treaty helps businesses resolve disputes internationally by providing a reliable legal framework, thus promoting international trade and investment. As of today, many countries have adopted the Convention, making it a key tool for businesses seeking cross-border arbitration solutions.