The recognition and enforcement of ICSID awards is governed by Articles 53, 54 and 55 of the ICSID Convention. A party who seeks enforcement of an ICSID award may do so in any ICSID Contracting State, under the same conditions, and may simultaneously do so in more than one State.[1] The choice of enforcement forum […]
Arbitration in Oman
Arbitration in Oman is common. It is frequent for parties to include arbitration clauses in their contracts, which is especially the case in energy, purchase, construction and commercial agency agreements. Arbitration is considered to be an efficient and reliable mechanism for dispute resolution in Oman, as arbitral awards may be rendered within 12 months in […]
Arbitration in the United States
Arbitration in the United States is well developed. The reason is simple. A large number of corporations involved in international arbitration are US companies. Although some criticisms have been made regarding the US legal system, such as with respect to its jury trials, or concerning punitive damages, and arbitration agreements were unenforceable under US law […]
International Arbitration Conventions
International arbitration is governed by both the parties’ private agreement but also by a number of international arbitration conventions that apply independently of the parties’ agreements. Those conventions and treaties’ main goal is to promote international arbitration and help to enforce arbitration awards, such as the 1923 Geneva Protocol and the 1927 Geneva Convention. These […]
New Qatar Arbitration Law
The Qatari Cabinet at a meeting in June 2016 ordered taking necessary measures for the issuance of the draft law on international commercial arbitration in Qatar, after having been briefed on the recommendation of the Advisory Council with respect to the draft law, issued in 2015. Over the past few years, through the widespread ratification of the New […]