Homologation of foreign arbitral awards: reflections of the new york convention
DOI:
https://doi.org/10.5433/2178-8189.2017v21n1p87Keywords:
Arbitration, Arbitral award, Homologation, New York ConventionAbstract
This study examines the Brazilian Judiciary's requirements for the recognition of foreign arbitral awards, which result is the functioning of their legal effects in the domestic legal system. Therefore, this research compares and analyzes the Brazilian legal system's treatment of these foreign decisions with domestic awards. Nevertheless, it is without question that arbitration is an alternative form of dispute resolution with its use being especially important to the private sector. Internationally, the New York Convention of 1958 is the legislative standard for arbitration awards and the Decree 4.311/2002 incorporated it into the Brazilian legal system. Moreover, this norm establishes guidelines for the recognition of foreign and non-domestic arbitral awards, thus, respecting the sovereignty of each signatory State; however, the execution of these foreign awards have to be in accordance with the invoked country's rules of procedure.Downloads
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Published
2017-03-31
How to Cite
Soares, R. M., & Garcia, G. F. B. (2017). Homologation of foreign arbitral awards: reflections of the new york convention. Scientia Iuris, 21(1), 87–124. https://doi.org/10.5433/2178-8189.2017v21n1p87
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