Recognition and Enforcement of Foreign Arbitral Awards

In 2008, the international arbitration community celebrated the fiftieth anniversaryof the United Nations Convention on the Recognition and Enforcement of ForeignArbitral Awards. Commonly known as the New York Convention, this multilateraltreaty has been instrumental in making arbitration such an effective means ofresolving international commercial disputes. Its widespread ratification remainsunmatched, other than by the United Nations Charter itself.