How do international arbitration awards differ from domestic arbitration awards?

International arbitration awards differ from domestic arbitration awards in a few key ways. First, the parties involved in an international arbitration award are not based in the same jurisdiction. This means that the international arbitration award is subject to the laws of its host jurisdiction, which is often chosen by the parties and can be different from the laws of either of the parties’ country of origin. This often leads to different outcomes in international award rulings. Additionally, international arbitration awards can involve different legal systems from the domestic award. This means that the rules distinguishing binding and non-binding arbitration may be different depending on the jurisdiction. This can lead to different outcomes for parties depending on whether their domestic or international arbitration award yields a more favorable outcome. Another difference between domestic and international arbitration awards is that international awards are more likely to be subject to a review process by the national or regional court system. This is because the award is binding on parties from different countries, so the court may want to take a look to make sure it comports with local laws. Finally, the enforcement of an international arbitration award is much more difficult than a domestic award. This is because the laws of the foreign jurisdiction will apply to the enforcement of the award, and those laws may be drastically different from the laws of either of the parties’ county of origin. This can make the enforcement of an international arbitration award more difficult and time-consuming than that of a domestic award.

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How do international arbitration awards differ from domestic arbitration awards?

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