For information only - not an official document
18 September 2019
The Maldives accedes to Convention on the Recognition and Enforcement of Foreign Arbitral Awards
161st country to become party to the Convention
VIENNA, 18 September 2019 (UN Information Service) - With its accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (also commonly known as the "New York" Convention), effected on 17 September 2019, the Maldives becomes the 161st State party to the Convention. The Convention will enter into force for the Maldives on 16 December 2019.
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. The New York Convention contributes to the 2030 Agenda for Sustainable Development, in particular by promoting the rule of law at the national and international levels and by ensuring effective access to justice.
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.un.org.
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 uncitral.un.org.
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