Article from: TDM 3 (2005), in Arbitration - General Issues
Updated version 29 June 2005
Before companies from different countries enter into an arbitration agreement in international business matters, they do not only have to carefully choose the appropriate arbitral tribunal and the applicable set of rules for the arbitration proceedings. The practical value of an arbitration agreement often only turns out when it comes to enforcement. Each party should therefore also consider the chances to enforce an arbitral award against the other party and the risks to be itself exposed to enforcement measures. However, in order to do so, it is not sufficient to ...