Arbitration Awards
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Arbitration Awards Start Comparison
Is this jurisdiction a party to the New York Convention?
Yes.
What is the approximate time required to register and enforce a foreign arbitration award if unopposed?

6-8 months.

What is the approximate time required to register and enforce a foreign arbitration award if opposed?

12 months or more.

What is the approximate cost of registering and enforcing a foreign arbitration award (including court fees and other disbursements) if unopposed?

A rough estimate of cost would be USD10,000 - 20,000 excluding 10% mandatory VAT, actual travel expenses and translation costs, if incurred.

What is the approximate cost of registering and enforcing a foreign arbitration award (including court fees and other disbursements) if opposed?

A rough estimate of cost would be USD35,000 - 50,000 excluding 10% mandatory VAT, actual travel expenses and translation costs, if incurred.

Are there any unusual difficulties in enforcing a foreign arbitration award?
No.