How do international arbitration awards differ from domestic arbitration awards?

International arbitration awards differ from domestic arbitration awards in several ways. First, international arbitration awards are usually much more complex than domestic arbitration awards. This is due to the fact that they involve the laws of different countries, and thus, these disputes are often much more complicated. Second, international arbitration awards will often incorporate different types of legal systems such as civil and common law. This is because the parties involved in the dispute may come from countries that use different types of law. Third, international arbitration awards are often much more expensive than domestic awards. This is due to the complexity of the cases being adjudicated, the travel and accommodation costs involved, as well as the fees for the arbitrator. Fourth, international arbitration awards may include enforceable judgments in countries other than where the arbitration took place. This means that if one party does not comply with the terms of the award, the winning party can then seek to enforce the international arbitration award in the country in which the non-compliance occurred. Finally, the enforcement of international arbitration awards in Alaska may vary. This is because Alaska is not a signatory to the Convention on the Recognition and Enforcement of Arbitration Awards, which is an international agreement that provides for the enforcement of international arbitration awards in signatory countries. Therefore, if enforcement of an international arbitration award is required, Alaskan courts should be consulted for the applicable procedures.

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How do international arbitration awards differ from domestic arbitration awards?

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