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

The United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly called the New York Convention, is an international treaty that facilitates the recognition and enforcement of arbitration awards across different countries. When parties in two countries agree to resolve disputes through arbitration, the Convention helps ensure that a decision made in one country can be legally recognized and enforced in another. This promotes international trade and commerce by providing a reliable framework for enforcing arbitration agreements and awards, reducing the risks and uncertainties of cross-border disputes.