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CERTAIN FOREIGN
AWARDS
PRESENTATI
ON BY:
NAMAN
JAIN
103134038
11
REQUIREMENT
THE UNITED NATIONS COMMISSION ON INTERNATIONAL
TRADE LAW[UNCITRAL] ADOPTED IN 1985 THE MODEL LAW
ON INTERNATIONAL COMMERCIAL ARBITRATION. THE
GENERAL ASSEMBLY OF THEUNITED NATIONS HAS
RECOMMENDED THAT ALL COUNTRIES GIVE
DUECONSIDERATION TO THE SAID MODEL LAW ,IN VIEW
OFTHE DESIRABILITY OF UNIFORMITY OF LAW
OFARBITRALPROCEDURES AND THE SPECIFIC NEEDS
OFINTERNATIONAL COMMERCIAL ARBITRATIONPRACTICE.
AN IMPORTANT FEATURE OF THESAID UNCITRAL MODEL
LAW AND RULES IS THAT THEY HAVE HARMONIZED
CONCEPTS OF ARBITRATION AND CONCILIATION
OFDIFFERENT LEGAL SYSTEMS OFTHE WORLD AND
THUSCONTAINED PROVISIONS UNIVERSAL APPLICATION.
THOUGH THE SAID UNCITRAL MODEL LAW AND RULESARE
INTENDED TO DEAL WITH INTERNATIONAL COMMERCIAL
ARBITRATION ANDCONCILIATION, THEY COULD WITH
APPROPRIATE MODIFICATIONS, SERVE AS A MODEL
SECTION 49:
ENFORCEMENT OF
FOREIGN AWARDS
GENEVA CONVENTION
AWARDS
THIS CONVENTION
HASBEEN
REPRODUCED MOREOR LESSSAME AS
THENEW YORKCONVENTION AND HAS
NAME SAKE RELEVANCE BECAUSE OF
THE FACT THAT THIS CANNOT BE
APPLIEDTO THEFOREIGN AWARDS
UNDERTHE NEW YORK CONVENTION.
IN THIS FOREIGN AWARDS MEANS AN
ARBITRAL AWARD ON DIFFERENCES
RELTING TO MATTERS CONSIDERED S
COMMERCIAL UNDER THE LAW IN FORCE
SEC 56:EVIDENCE
SOME CONDITIONS NEED TO BE FULFILLED
BEFORE ENFORCEABILITY OF FOREIGN AWARDS :.
EVIDENCE PROVING THAT THE AWARD HAS BECOME
FINAL.
IF DOCUMENT IS IN FOREIGN LANGUAGE THEN PARTY
SEEKING TO ENFORCE THE AWARD SHALL PRODUCE A
TRANSLATION INTO ENGLISH AS CORRECT BY A
DIPLOMATIC OR CONSULAR AGENT OF THE COUNTRY TO
WHICH PARTY BELONGS.
MADE IN PURSUANCE OF AN AGREEMENT FOR
ARBITRATION VALID BY THE LAWBY WHICH IT WAS
GOVERNED.
MADE BY THE TRIBUNAL PROVIDED BY THE AGREEMENT
SEC 58:ENFORCEMENT OF
FOREIGN AWARDS
WHEN THE COURT IS SATISFIED THAT
THE FOREIGN AWARD IS
ENFORCEABLE UNDER THIS , THE
AWARD SHALL BE ENFORCED AND
DEEMED TO BE A DECREE OF THE
COURT.
SEC 59:APPEALABLE
ORDERS
AN APPEAL CAN BE DONE FROM THE
ORDERS REFUSING:
TO REFER PARTIES TO ARBITRATION UNDER
SECTION 54.
TO ENORCE A FOREIGN AWARD UNDER
SECTION 57.
IMP: NO SECOND APPEAL CAN BE DONE
UNDER THIS SECTION, BUT NOTHING SHALL
TAKE AWAY ANY RIGHT TO APPEAL TO
SUPREME COURT.
THANK
YOU