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

The New York Convention, adopted in 1958, is an international treaty that helps ensure that arbitration awards (decisions made by arbitrators) given in one country are recognized and enforced in other countries. By adhering to the Convention, nations commit to upholding arbitration agreements and simplifying the process for enforcing foreign arbitral awards. This promotes international trade and investment by providing a reliable legal framework for resolving disputes without lengthy court battles. As of now, over 160 countries are parties to the Convention, enhancing legal certainty in global commerce.