News
2002

Arbitration advances in the Caribbean

Following Jamaica's accession last July to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958, known as the New York Convention, this major multilateral arbitration treaty enters into force in that state on 8 October 2002.

Jamaica thus joins the increasing number of Caribbean states to acknowledge the importance of international arbitration in the modern economy. The New York Convention strengthens the role of arbitration in resolving international disputes by requiring courts in its member states to refer disputes covered by arbitration agreements to arbitral tribunals and to recognize and enforce foreign arbitral awards.

The ICC International Court of Arbitration has long-standing experience of administering arbitration cases located in the Caribbean or involving parties or arbitrators of Caribbean origin.