What are the requirements for enforcement of an arbitral award in an international court?
Enforcing an arbitral award in an international court requires a few different steps to be taken. First, the parties involved must agree to use arbitration for the resolution of their dispute. This can be done through a contract, an arbitration agreement, or by an order of the court. Once the parties have agreed to resolve their dispute through arbitration, an arbitrator is appointed to make a decision on the matter. This decision is then memorialized in an award. The next step is to obtain enforcement of the award in an international court. To do this, the award must be declared “enforceable” by the relevant court so that it can be legally enforced. This is usually done by filing an application for enforcement of the award with the court. The court will then review the award and decide whether or not to grant the application. For enforcement, the award must meet two criteria: it must be final and binding on the parties, and it must also be in accordance with the law of the country where it is being enforced. If the court finds that these two criteria have been met, the award will be enforced. Once this has been done, the award is legally binding and the parties must comply with it. Enforcement of international arbitral awards in courts is an important part of international litigation law and is a key factor in resolving disputes between parties. It allows for a more cost-effective mechanism to resolve disputes and creates a more efficient system for dispute resolution. It is important, therefore, that the requirements for enforcement of an arbitral award in an international court are understood and followed in order for the dispute resolution process to function properly.
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