New York Convention expands its scope
Two recent developments have expanded the scope of application of the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly known as the New York Convention, since the beginning of 2014.
23 June 2014,
Burundi deposited its instrument of accession to the New York Convention,
becoming the 150th state to adhere to the Convention. The Convention will enter
into force with respect to Burundi on 21 September 2014. Burundi has made a
reservation restricting the application of the Convention to legal
relationships that are considered as commercial under national law.
in the year, on 24 February 2014, the United Kingdom submitted a notification
to extend territorial application of the Convention to the British Virgin
Islands. The Convention already applies to the following islands under UK
sovereignty: Bermuda, Cayman Islands, Gibraltar, Guernsey, Isle of Man, Jersey.
The UK’s reservation restricting the application of the Convention to awards
made in the territory of another contracting state applies here too.
Information on the status of the New York
Convention can be found here http://www.uncitral.org/uncitral/en/uncitral_texts/arbitration/NYConvention_status.html