Key Benefits:
25. Customer's announcement concerning the scope of the Convention on the Recognition and Enforcement of Foreign Arbitral Arbitration
According to statements by the Secretary-General of the United Nations, the following other countries have their instruments of accession to the Convention on the Recognition and Enforcement of Foreign Arbitration (BGBl). No 200/1961, last proclamation of the BGBl area. III No 165/2005):
States: |
Date of deposit of the Certificate of Accession: |
Bahamas |
20 December 2006 |
Gabon |
15. December 2006 |
Liberia |
16 September 2005 |
Marshal Islands |
21 December 2006 |
United Arab Emirates |
21. August 2006 |
Montenegro has also declared that it will continue to be bound by the Convention with effect from 3 June 2006. On the occasion of the deposit of the Declaration of Continuity, Montenegro has declared the following reservations, or Statement issued:
Reservations:
1. |
The Convention shall only be applied in respect of the Socialist Federal Republic of Yugoslavia in respect of those arbitration awards which have been issued after the entry into force of the Convention. |
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2. |
The Socialist Federal Republic of Yugoslavia will apply the Convention on the basis of reciprocity only to those arbitration awards which have been issued on the territory of the other Contracting Party to the Convention. |
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3. |
The Socialist Federal Republic of Yugoslavia will apply the Convention (only) with regard to litigation of a contractual or non-contractual nature, which are to be regarded as commercial matters in accordance with national legislation. |
Explanation:
The first reservation was only a confirmation of the legal principle of the retroactive effect; the third reservation was made essentially in accordance with Art. I (3) of the Convention, whereby the word 'only' was attached to the original text and the word 'commercial matters' was used for 'business matters'.
Following a further note by the Secretary-General of the United Nations, China made the following statement on 19 July 2005:
In accordance with Art. 138 of the Basic Law of the Special Administrative Region of Macao of the People's Republic of China, the Government of the People's Republic of China decided that the Convention on the Recognition and Enforcement of Foreign Arbitral Arbitration shall apply to the Macao Special Administrative Region of the People's Republic
China is being used. The statement by the Government of the People's Republic of China on the occasion of its accession to the Convention on 22 December 2008 Jänner 1987 also applies to the Macao Special Administrative Region of the People's Republic of China.
Gusenbauer