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“The 1958 New York Convention is the most successful, multilateral instrument in the field of international trade law. It is the centrepiece in the mosaic of treaties on arbitration laws that ensure acceptance of arbitral awards in arbitration agreements. Courts around the world have been applying and interpreting the Convention for over 50 years in an increasing unified and harmonized fashion.” – Professor Pieter Sanders speaking in April 2011, when he was the last surviving participant of the 1958 New York Conference on International Commercial Arbitration which drafted the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (known as the New York Convention).
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The New York Convention
Originally published in BVI Finance, September 2014.