Arbitration or Litigation? Choice of Forum After the 2005 Hague Convention on Choice of Court Agreements
Article from: TDM 1 (2010), in Procedure, Advocacy, Strategy and Tactics in Arbitration
The possibility of wide ratification of and accession to the 2005 Hague Convention on Choice of Court Agreements presents important issues for those drafting international commercial contracts. Transactions lawyers have rather easily justified the inclusion of arbitration agreements in international commercial contracts because the New York Arbitration Convention insures both compliance with the agreement to arbitrate and the recognition and enforcement of any resulting arbitral award. When the Hague Convention becomes effective in a significant number of states, choice ...