The rectification of an award under Article 49(2) of the ICSID Convention is a remedy for inadvertent omissions and minor technical errors in an award. It enables the arbitral tribunal to correct mistakes that may have occurred in the award’s drafting in a non-bureaucratic and expeditious manner. Such corrections are provided for in Article 49(2) of the ICSID Convention: […]
States That Are Not Parties To The New York Convention
The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, typically called the New York Convention, entered into force on 7 June 1959 and is the bedrock of modern arbitration. This international convention requires courts of the 149 contracting States, to give effect to arbitration agreements and to recognize and enforce arbitration awards in all other […]