Can International Arbitraiton Awards Be Enforced in the United States?
Many people have the perception that it is difficult to enforce international arbitration awards in the United States. The truth is that these arbitration awards are being processed more and more within the borders of the United States. There are, however, many important considerations that must be taken into mind when enforcing these sorts of awards in the United States.
An arbitrator will likely have to go through various international treaties and conventions to enforce an international arbitration award. When seeing whether or not an international arbitration award can be enforced in the United States, it is important for any arbitration professional to have a thorough understanding of the Federal Arbitration Act. This Act sets forth the general procedures for any sort of arbitration case, whether it occurs on a domestic or international basis. The New York Convention is the other important act that is usually used in determining awards that occur on an international basis. The Panama Convention also allows for jurisdiction governing international awards to occur within the United States. The Panama Convention is one of the most powerful acts that can allow a person to receive his or her international award within the United States.
Overall, it is important for any arbitration professional to study acts like the New York Convention and the Panama Convention to determine whether or not a person can receive his or her international award within the United States. These acts are consistently referred to by courts and can provide the appropriate jurisdiction for an international case.