foreign arbitral award

简明释义

外国仲裁裁决

英英释义

例句

1.The enforcement of a foreign arbitral award often depends on the New York Convention.

对外国仲裁裁决的执行通常取决于《纽约公约》。

2.Companies involved in cross-border transactions should be aware of the implications of a foreign arbitral award.

参与跨境交易的公司应意识到外国仲裁裁决的影响。

3.In international trade disputes, a foreign arbitral award can provide a faster resolution than traditional litigation.

在国际贸易争端中，外国仲裁裁决可以比传统诉讼提供更快的解决方案。

4.A foreign arbitral award must be recognized by the local jurisdiction before it can be enforced.

外国仲裁裁决必须得到当地司法管辖区的认可，才能被执行。

5.The company successfully enforced the foreign arbitral award in the local court, allowing them to collect the owed amount.

该公司在当地法院成功执行了外国仲裁裁决，使其能够收回欠款。

作文

In the realm of international business and trade, disputes are inevitable. Companies from different countries often engage in transactions that can lead to disagreements over contractual obligations or performance issues. To resolve these disputes efficiently, many parties turn to arbitration, a method of alternative dispute resolution that is generally faster and more flexible than traditional litigation. One crucial concept in this context is the foreign arbitral award, which refers to a decision made by an arbitration tribunal outside the jurisdiction of the courts where the parties reside. Understanding the implications of a foreign arbitral award is essential for businesses operating on a global scale.The significance of a foreign arbitral award lies in its enforceability across borders. According to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which has been ratified by over 160 countries, a foreign arbitral award is generally recognized and enforceable in signatory countries. This means that if a company wins an arbitration case in one country, it can seek to enforce that decision in another country where the losing party may have assets. This cross-border enforceability is a major advantage of arbitration, as it provides a level of certainty and security for businesses engaged in international transactions.However, the process of enforcing a foreign arbitral award can still be complex. Each country has its own legal framework governing the recognition and enforcement of such awards. Some jurisdictions may have specific requirements or grounds for refusal, such as procedural irregularities or public policy considerations. Therefore, it is crucial for companies to understand the legal landscape of the countries in which they operate and ensure that their arbitration agreements are crafted with care to maximize the likelihood of enforceability.Moreover, the nature of the foreign arbitral award itself can impact its enforceability. For instance, if the award involves monetary compensation, it may be easier to enforce compared to an award that requires specific performance, such as the delivery of goods or services. Additionally, the clarity and specificity of the award can play a significant role in the enforcement process. An ambiguous or poorly articulated award may face challenges in recognition and enforcement, leading to potential delays and additional costs.In conclusion, the concept of a foreign arbitral award is a vital element in the field of international arbitration. It provides a mechanism for resolving disputes that transcends national boundaries and offers a pathway for the enforcement of decisions across jurisdictions. For businesses engaged in international trade, understanding the intricacies of foreign arbitral awards is essential for effective risk management and dispute resolution. By recognizing the advantages and potential challenges associated with these awards, companies can better navigate the complexities of the global marketplace and protect their interests in cross-border transactions.

在国际商业和贸易领域，争议是不可避免的。来自不同国家的公司经常进行交易，这可能导致对合同义务或履行问题的分歧。为了有效解决这些争议，许多当事方选择仲裁，这是一种替代性争议解决方法，通常比传统诉讼更快速、更灵活。在这个背景下，一个重要的概念是外国仲裁裁决，它指的是一个仲裁庭在当事方居住法院的管辖权之外作出的决定。理解外国仲裁裁决的含义对在全球范围内经营的企业至关重要。外国仲裁裁决的重要性在于其跨境可执行性。根据《纽约公约》，该公约关于外国仲裁裁决的承认和执行已被160多个国家批准，这意味着外国仲裁裁决通常在签署国得到承认和可执行。这意味着，如果一家公司在一个国家赢得了仲裁案件，它可以寻求在另一个国家执行该决定，而该国的败诉方可能有资产。这种跨境可执行性是仲裁的一个主要优势，因为它为参与国际交易的企业提供了一定程度的确定性和安全性。然而，执行外国仲裁裁决的过程仍然可能很复杂。每个国家都有自己的法律框架来规范此类裁决的承认和执行。一些法域可能有特定的要求或拒绝的理由，例如程序不当或公共政策考虑。因此，企业必须了解其运营国家的法律环境，并确保其仲裁协议经过仔细制定，以最大限度地提高可执行性的可能性。此外，外国仲裁裁决本身的性质也会影响其可执行性。例如，如果裁决涉及金钱赔偿，那么相比于要求特定履行（如交付货物或服务）的裁决，执行起来可能更容易。此外，裁决的清晰度和具体性在执行过程中也可能发挥重要作用。模糊或表述不清的裁决可能在承认和执行时面临挑战，从而导致潜在的延误和额外费用。总之，外国仲裁裁决的概念是国际仲裁领域中的一个重要元素。它提供了一种解决超越国界争议的机制，并为跨管辖区执行决定提供了一条途径。对于参与国际贸易的企业而言，理解外国仲裁裁决的复杂性对于有效的风险管理和争议解决至关重要。通过认识到与这些裁决相关的优势和潜在挑战，公司可以更好地应对全球市场的复杂性，并保护其在跨境交易中的利益。