The Enforcement of Arbitration Awards in Canada
Excerpt:
The arbitration process is commonly used to resolve legal disputes that arise in the shipping industry. Many of the standard form charter parties that have been in use for decades include a clause requiring disputes to be resolved by arbitration. The recognition or enforcement of Arbitration Awards is, as a consequence, an important part of the international legal system, providing the final legal mechanism for the conclusion of disputes governed by an arbitration clause. Without a legal framework for recognizing or enforcing such awards, the arbitration process would be of little value to anyone.