Post-award interest under the New York Convention: a call for uniformity and judicial restraint Cover Image
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Dobândă pentru perioada după pronunțarea hotărârii arbitrale conform Convenției de la New York: un apel pentru uniformitate și intervenție limitată a instanțelor de judecată
Post-award interest under the New York Convention: a call for uniformity and judicial restraint

Author(s): Garima Dhankhar
Subject(s): Law, Constitution, Jurisprudence, Civil Law, International Law, Law on Economics, Commercial Law, Comparative Law
Published by: Wolters Kluwer Romania
Keywords: New York Convention; post-award interest; judicial intervention; finality of arbitral awards; uniform enforcement; party autonomy; Article III NYC; procedural discretion; UNCITRAL Model Law;

Summary/Abstract: The New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958) is heralded as the bedrock of international arbitration, enshrining the principles of finality, uniformity, and judicial restraint. Yet, the issue of post-award interest has exposed fault lines in the Convention’s enforcement framework. Through a comparative analysis of jurisdictions primarily rooted in the common law tradition —including the United States, India, Singapore, Hong Kong, Malaysia, Japan, and others, this paper critically evaluates whether post-award interest falls within the realm of procedural enforcement or constitutes an impermissible modification of the arbitral award. The paper further advances that arbitral institutions and legislators should provide explicit guidance, either through standardized institutional rules, interpretative protocols, or potential refinements to the UNCITRAL Model Law.

  • Issue Year: 2025
  • Issue No: 2
  • Page Range: 121-131
  • Page Count: 11
  • Language: English
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