New York Courts Widen Options for Enforcement of Foreign Arbitral Awards
In a development that could have substantial benefits for international investors, state and federal courts in New York have issued a series of decisions that significantly facilitate the enforcement of foreign arbitration awards in New York. Because many defendants hold assets in the New York banking system or in New York real estate, the developments are highly relevant to investors seeking recovery for harms suffered around the world. The courts’ recent decisions re-affirm New York’s commitment to promoting international arbitration and asset recovery…