This is a comment to the article. Please click the link to view the original article.
Quoting from [Admin]:Thia ia need to put in Forum .. Safe Trade
To contact CIETAC South China directly, please email to info@sccietac.org.
This is a comment to the article. Please click the link to view the original article.
Your fees is too high, and in most cases the either of party will have to move to court since you have no authority to actually execute the decision that you may reach.
Comment from an expert correcting Mr. Tarun's misunderstanding:
According to the New York Convention with 143 member countries, an arbitral award is enforcible and only subject to very limited judicial review (only when corruption or undue process occurs, which is highly rare).
That is, member countries recognize and enforce arbitral award between each other, so the arbitral award is as good as, and even better than a court decision, since a national court decision can't be enforced out side of its home country because there is no such international convention on court decision.
Quoting from [Tarun]:
Your fees is too high, and in most cases the either of party will have to move to court since you have no authority to actually execute the decision that you may reach.
Comment from an expert correcting Mr. Tarun's misunderstanding:
According to the New York Convention with 143 member countries, an arbitral award is enforcible and only subject to very limited judicial review (only when corruption or undue process occurs, which is highly rare).
That is, member countries recognize and enforce arbitral award between each other, so the arbitral award is as good as, and even better than a court decision, since a national court decision can't be enforced out side of its home country because there is no such international convention on court decision.
Comment from an expert correcting Mr. Tarun's misunderstanding:
According to the New York Convention with 143 member countries, an arbitral award is enforcible and only subject to very limited judicial review (only when corruption or undue process occurs, which is highly rare).
That is, member countries recognize and enforce arbitral award between each other, so the arbitral award is as good as, and even better than a court decision, since a national court decision can't be enforced out side of its home country because there is no such international convention on court decision.
Enforciblity of an Arbitral Award:
According to the New York Convention with 143 member countries, an arbitral award is enforcible and only subject to very limited judicial review (only when corruption or undue process occurs, which is highly rare).
That is, member countries recognize and enforce arbitral award between each other, so the arbitral award is as good as, and even better than a court decision, since a national court decision can't be enforced out side of its home country because there is no such international convention on court decision.