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If the parties in their agreement have agreed that a judgment of the court shall be entered upon the award made pursuant to the arbitration, and shall specify the court, then at any time within one year after the award is made any party to the arbitration may apply to the court so specified for an order confirming the award, and thereupon the court must grant such an order unless the award is ...
A Practice Note explaining how to enforce arbitral awards in the state and federal courts in New Jersey. This Note explains the procedure for confirming an arbitration award in New Jersey and the grounds on which a party may challenge enforcement under New Jersey and federal law, including the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, the Federal ...
Jimerson & Cobb, P.A. Austin B. Calhoun April 24, 2015. Once a party received an award in an arbitration proceeding, the party may make a motion with the court to confirm the award. Section 682.12, Florida Statutes (2014). In sum, RFAC provides arbitrators with more power, somewhat more similar to the powers of a judge.
International arbitration awards can be confirmed in the United States pursuant to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, also known as the New York Convention. It was adopted by the United Nations diplomatic conference on June 10, 1958 and became effective on June 7, 1958.
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Confirmation, meaning judicial leave to enforce, by a competent court has the effect of making an arbitral award enforceable in the confirming jurisdiction in the absence of voluntary compliance by the losing party (the “award debtor”). Through confirmation, an arbitral award is converted into an enforceable court judgment, thereby enabling ...
