Open AccessExploring the concept of arbitral awards under the New York Convention
Author(s) -
Konstantina Kalaitsoglou
Publication year - 2021
Publication title -
journal of strategic contracting and negotiation
Language(s) - English
Resource type - Journals
eISSN - 2055-5644
pISSN - 2055-5636
DOI - 10.1177/20555636211022839
Subject(s) - tribunal , convention , arbitration , law , confusion , political science , international arbitration , psychology , psychoanalysis
Despite its importance, the arbitral award was left undefined by the New York Convention and most other major international arbitration laws. This has inevitably led to varying opinions regarding its nature and confusion regarding the thresholds that differentiate arbitral awards from other tribunal decisions. Partly in response to the above, there has been discussion to initiate the revising process of the Convention. Responses have been divided. In this paper, the author finds that revision will not bring the desired results, while the Convention itself has equipped international arbitration practice with tools to overcome obscure legal concepts such as the arbitral award.