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Recognition and Enforcement of Foreign Arbitral Awards - A Global Commentary on the New York Convention (Hardcover)
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Recognition and Enforcement of Foreign Arbitral Awards - A Global Commentary on the New York Convention (Hardcover)
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The 1958 New York Convention on the Recognition and Enforcement of
Foreign Arbitral Awards is without a doubt the single most
important treaty in the field of international commercial
arbitration, and has enjoyed remarkable success over its
half-century of use. It has been praised as a convention which
'perhaps could lay claim to be the most effective instance of
international legislation in the entire history of commercial law.'
In honour of the Convention's fiftieth anniversary, outstanding
scholars of international commercial arbitration have contributed
to this comprehensive commentary. Following a design calling for
article-by-article analysis (or even, in the case of the crucial
Article 5, by sub-article), this unique book provides an in-depth
analysis of the Convention's first fifty years in light of
internationally accessible case law from a wide range of
jurisdictions around the world. In so doing it greatly clarifies
and enhances our knowledge of both the theoretical underpinnings
and the practical application of the Convention in its global
context. The authors, each of whom is an experienced practitioner
in the field of international arbitration, draw on experience in a
wide variety of national jurisdictions. In addition to drafting
chapters independently, each has made invaluable contributions to
other authors' chapters. Authoritative case law research was
further provided by dozens of contributors with expertise in
specific jurisdictions worldwide. The analysis thoroughly covers
the major issues that have arisen in the application of the
Convention, including the following: - the use of reservations made
by Contracting States; - the distinctions between recognition and
enforcement and between recognition sought at the seat of the
arbitration and outside the seat; - the role of the courts in
reviewing arbitral awards and, in particular, the Convention's
focus on safeguarding due process standards; - the more favourable
rightsA" principle embodied in Article VII(1); - the relevance of
forum shopping and asset spotting to the application of the
Convention; and - the role of formalities and formalism. The end
result is an invaluable work that will prove enormously useful to
all international commercial arbitration practitioners and
scholars, regardless of location.
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