21 KEY ARBITRATION DEVELOPMENTS FROM 2020
14. Five further countries adopt the 1958 New York Convention
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• Ethiopia - on 24 August 2020 • Palau - on 31 March 2020 • Seychelles - on 3 February 2020 • Sierra Leone - on 28 October 2020 • Tonga - on 12 June 2020
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Arbitral awards issued in any other contracting state are now recognisable and enforceable in these countries.
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This has brought the total number of contracting states to 166, showcasing that it is truly one of the most successful treaties in private international law. The Convention’s quasi-universal adoption has streamlined the successful collection of arbitral awards globally and has allowed dispute resolution through international arbitration to flourish.
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Contact
Olivia Flasch Associate, London olivia.flasch@signaturelitigation.com
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