What is the approximate time required to register and enforce a foreign arbitration award if unopposed?
5-20 weeks.
What is the approximate time required to register and enforce a foreign arbitration award if opposed?
1-4 years, depending on the nature of the opposition and on the Court's workload.
What is the approximate cost of registering and enforcing a foreign arbitration award (including court fees and other disbursements) if unopposed?
Fixed Court fee equal to EUR 98 (approximately USD 115) and docket fee equal to EUR 27 (approximately USD 32). Additional costs will be incurred for the Italian translation of the foreign award as well as of the agreements including the arbitration clause (to be made by a certified translator).
Furthermore, once the exequatur is granted, the registry tax will be due (fixed at EUR 250 (approximately USD 300) or at 3% of judgment value, depending of case by case tax qualification).