Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
International Arbitration
Enforcement of awards
Are awards enforced in your jurisdiction? Under what procedure?

Answer ... As long as an arbitral award has been legally issued, it is also enforceable according to Greek legislation. With regard to the enforcement procedure, the New York Convention is widely considered to be the key text for the enforcement of foreign arbitral awards in Greece; while Greece is also a party to the Convention on the Settlement of Investment Disputes between States and Nationals of Other States and the award enforcement provisions contained therein. In the case of domestic arbitration, Article 904 of the Greek Code of Civil Procedure clearly states that arbitral awards are enforceable titles and are enforced according to the procedure set out in Articles 904 and following.

For more information about this answer please contact: Manolis Perakis from Dracopoulos & Vassalakis LP
International Arbitration