FR EA

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Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / memo-uae-enforcement-strategy.docx
memo-uae-enforcement-strategy.docx · 1044-00001

Parties

HARKNESS LLP
Logistics SA
Korinthian Maritime Holdings Ltd
Hartwell Pemberton LLP
Meridian Trust Bank Ltd
Oceangate Ventures Ltd
Straits Meridian LLP
Economou LLC

Dates

—

Amounts

$120,000,000
$1.2441

Obligations

Of particular relevance to the present matter are the following provisions: Article 53 provides that an arbitral award, irrespective of the country in which it was issued, shall be recognized as binding and shall, upon an application filed with the competent court, be enforced
Critically, the court to which the enforcement application is made shall not re-examine the merits of the dispute
The key operative provisions of the New York Convention relevant to enforcement are as follows: Article III provides that each contracting state shall recognize arbitral awards as binding and enforce them in accordance with the rules of procedure of the territory where recognition and enforcement are sought
If the award or agreement is not made in an official language of the country in which the award is relied upon, the applicant must produce a translation of these documents into such language, certified by an official or sworn translator or by a diplomatic or consular agent
Accordingly, its enforcement in the UAE is governed by the New York Convention as implemented through UAE domestic law, and the application must satisfy both the Convention's requirements and the procedural requirements of the UAE Arbitration Law and Civil Procedure Law
1 Required Documents for Enforcement Application The enforcement application to be filed in the Dubai Court of First Instance must be supported by a comprehensive set of documents