ICSID Award Enforcement And Recognition: Have New York Courts Won An Advantage Over The DC Courts?

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WilmerHale

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With the enforcement and recognition of arbitral awards a key concern for international arbitration practitioners, WilmerHale's Santiago Bejarano and Julie Thompson examine potential procedural inconsistencies in the approach taken by two prominent US federal district courts on ICSID awards. A recent decision in the United States District Court for the District of Columbia indicates that a split could develop between the DC and New York courts with regards to the enforcement procedu
United States Litigation, Mediation & Arbitration

A recent decision in the United States District Court for the District of Columbia indicates that a split could develop between the DC and New York courts with regards to the enforcement procedure of International Centre for the Settlement of Investment Dispute (ICSID) arbitration.

If such an inconsistency does, in fact, materi­alise, it could lead to significant consequences, including a large disparity with regards to chal­lenges parties will face in seeking enforcement of the award against a foreign state. Ultimately, parties could choose to enforce in New York in preference to DC as a consequence of these hurdles.

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Originally published by www.cdr.com

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