For information only - not an official document
28 March 2018
Cabo Verde accedes to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards
VIENNA, 28 March (UN Information Service) - Cabo Verde has deposited its instrument of accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly known as the New York Convention.
With its accession, Cabo Verde becomes the 158th State party to the Convention.
The New York Convention is widely recognized as a foundation instrument of international arbitration. It requires courts of contracting States to give effect to arbitration agreements and to recognize and enforce awards made in other States, subject to specific limited exceptions.
With a view to promote the dissemination of information on the Convention as well as its harmonized application, a Guide as well as an online platform containing the most comprehensive and freely accessible database of case law and bibliography on the Convention has been developed and can be accessed at http://www.newyorkconvention1958.org. Further information on UNCITRAL texts is available on the UNCITRAL website at www.uncitral.org.
This year marks the 60 th anniversary of the Convention, an event that UNCITRAL will celebrate on the occasion of its 51 st session, on 28 June 2018, at the UN Headquarters in New York.
The United Nations Commission on International Trade Law (UNCITRAL) is the core legal body of the United Nations system in the field of international trade law. Its mandate is to remove legal obstacles to international trade by progressively modernizing and harmonizing trade law. It prepares legal texts in a number of key areas such as international commercial dispute settlement, electronic commerce, insolvency, international payments, sale of goods, transport law, procurement and infrastructure development. UNCITRAL also provides technical assistance to law reform activities, including assisting Member States to review and assess their law reform needs and to draft the legislation required to implement UNCITRAL texts. The UNCITRAL Secretariat is located in Vienna, Austria, and maintains a website at www.uncitral.org .
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