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Are Consent Awards Under the New York Convention Enforceable in U.S. Courts? Federal Court in Texas Says Yes

Transocean Offshore Gulf of Guinea VII Ltd. v. Erin Energy Corp., 2018 U.S. Dist. LEXIS 39494 (S.D. Tex. Mar. 12, 2018)

Author: R. Zachary Torres-Fowler

4/26/2018

Read the full post at Constructlaw

Are Consent Awards Under the New York Convention Enforceable in U.S. Courts? Federal Court in Texas Says Yes

On March 12, 2018, in Transocean Offshore Gulf of Guinea VII Ltd. v. Erin Energy Corp., the U.S. District Court for the Southern District of Texas became the second U.S. court to recently determine that the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention), as codified in the Federal Arbitration Act (FAA), applies to consent awards. Although seemingly inconsequential at first glance, the question of whether consent awards—i.e., settlement agreements recorded by arbitral tribunals as awards—are subject to the New York Convention, has remained the subject of much debate within the field of international arbitration for many years.

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