A Game Plan For Effective Cross-Border Dispute Resolution

Law360, New York (August 1, 2013, 1:30 PM EDT) -- International arbitration offers two key advantages compared to litigation for resolving cross-border disputes — enforcement and neutrality.

First, international arbitration awards are more readily enforced: 148 countries are signatories to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, known as the New York Convention, which provides for the recognition and enforcement of arbitral awards with limited grounds for challenge. In contrast, court judgments are not easily recognized beyond their jurisdictions and thus may result in a pyrrhic victory if they cannot be enforced....
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