The international arbitration community takes pride in, and makes exceptionally
good use of, the United Nations Convention of 1958 on the Recognition and
Enforcement of Foreign Arbitral Awards (New York Convention). This is no surprise,
given the importance of international arbitration in the resolution of international
disputes, and the acute dependence of international arbitration on the mobility
of awards.
It was in consideration of the paramount importance of the Convention that the
International Academy of Comparative Law commissioned a comparative study of
the Convention’s application and interpretation by the national courts of contracting
States. Like most international treaties, the Convention is only as good as the use
that can be, and is, made of it. And, again like most treaties, its efficacy depends on
the will and the ability of national courts to act in compliance with it.
The present study does not reveal any pattern of deliberate departure from the
letter or spirit of the Convention. The fact remains, however, that many of its provisions
may be interpreted, in perfect good faith, in different ways. They may also be
applied with different degree of rigor.