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    Don’t be late - the risk of arbitral awards becoming unenforceable due to limitation periods
    2021-02-24

    Arbitral awards benefit from being widely enforceable. This is the case particularly in jurisdictions that are members of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 10 June 1958 (New York Convention). Recognition and enforcement of a foreign arbitral award under the New York Convention is rejected only on narrow grounds (Article V). There is, however, an additional ground for an award to become unenforceable in a specific jurisdiction that is often overlooked: limitation periods.

    Filed under:
    USA, Arbitration & ADR, Insolvency & Restructuring, Litigation, Omni Bridgeway, Arbitration award, New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards
    Authors:
    Anna Stier
    Location:
    USA
    Firm:
    Omni Bridgeway
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