The New York Arbitration Convention

The New York Arbitration Convention, officially known as the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, is an international treaty established in 1958. It aims to ensure that arbitration agreements and awards are recognized and enforced across different countries. This means if two parties agree to settle a dispute through arbitration instead of going to court, the decision made by the arbitrators in one country can be enforced in another country, promoting fair and efficient resolution of international commercial disputes. It enhances legal certainty and trust in arbitration as a means of resolving conflicts.