The International Effectiveness of the Annulment of an Arbitral Award

The International Effectiveness of the Annulment of an Arbitral Award

In international arbitration as practiced today, few issues are as controversial and hotly debated as the foreign enforcement of an arbitral award that has been annulled in its originating jurisdiction. As more and more jurisdictions challenge such annulments, the issue has inevitably attracted the intense scrutiny of practitioners and scholars. Now, in the first book written on the subject - and a major work unlikely to be superseded for quite some time - the international practitioner and scholar Dr Hamid G. Gharavi provides a keen, in-depth analysis of the sources, legal and practical grounds, and possible solutions to the problem, particularly as it affects international business transactions in the global economy.

Dr Gharavi analyzes the relevant provisions in all major international arbitration conventions, as well as national laws on the annulment and enforcement of arbitral awards in force in more than fifty different countries. Among the bookd most notable features are the following:

- - invaluable information on, and an in-depth analysis of, the travaux prèparatoires of the New York Convention pertaining to the articulation of annulment/enforcement controls;

- - the effects of the cultural, judicial, and legal diversity of states; and

- - clear elucidation of the interests that often separate North from South in the practice of arbitration.

With detailed attention to theoretical and practical perspectives - especially as they reveal the dangers to which the enforcement of annulled awards can subject international business operators - Dr Gharavi arrives, after consideration of all interests, at a global resolution aiming to establish an effective and harmonious international legal framework for the control of awards in accordance with the nature and mission of arbitration.
This remarkable book will be of great interest to all practitioners and scholars in the field of international arbitration. Its subject matter is of fundamental importance, highlighting as it does not only the deviations and shortcomings of the arbitral process, but also the sensitive issues of state sovereignty, international cooperation, and the harmony of international relations.