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To: Lhn5 who wrote (3197)4/29/2018 3:13:30 PM
From: Rocket Red  Respond to of 3422
 
Securing a claim in international arbitration. Seizure of the debtor's assets. An effective mechanism to enforce an arbitration judgment is to bring proceedings in rem to secure the initial claim



To: Lhn5 who wrote (3197)4/29/2018 3:18:46 PM
From: Rocket Red1 Recommendation

Recommended By
longz

  Respond to of 3422
 
Thanks to a treaty known as the New York Convention, which entered into force on 7 June 1959, arbitration awards can be enforced in most countries unlike traditional court judgments. Over 150 countries have ratified the New York Convention today, meaning that arbitration awards can be enforced in approximately 3/4 of the countries recognized by the United Nations.

The primary laws on the basis of which international arbitration lawyers argue a case are the governing law of a contract, or the law of tort relating to a contract, the arbitration laws of the seat of arbitration, and the New York and Washington convention (alternatively known as the ICSID Convention).

https://www.international-arbitration-attorney.com/what-is-international-arbitration/