Written question asked by Baroness Falkner of Margravine (Liberal Democrat) on Wednesday, 21 January 2015, in the House of Lords. It was due for an answer on Wednesday, 4 February 2015. It was answered by Lord Livingston of Parkhead (Conservative) on Monday, 2 February 2015 on behalf of the Department for Business, Innovation and Skills.

Convention on the Recognition and Enforcement of Foreign Arbitral Awards

Question: To ask Her Majesty’s Government what assessment they have made of the operation of the New York Convention.

Answer: The New York Convention allows parties who have chosen to resolve their disputes through international arbitration a route to achieving recognition and enforcement of an arbitral award in the courts of other signatory states. This has helped the development of international commerce by allowing for a broadly effective dispute resolution mechanism with awards that can be enforced widely, even where it would be impossible to enforce a foreign court judgement. While particular jurisdictions have invoked exceptions if they do not recognise or do not wish to honour an award, on the whole the operation of the New York Convention has been effective in ensuring the recognition and enforcement of arbitral awards.

Secondary information

Type: Written question
Reference: HL4322
Session: 2014-15
Subjects: Convention on the Recognition and Enforcement of Foreign Arbitral Awards
Link: View this Written question on www.parliament.uk