Chambers Global Guide 2018 - Egypt Dispute Resolution: Arbitration
Karim A. Youssef Listed in Band 1 for Arbitration in Egypt
Managing partner, Karim A. Youssef, has once again been listed in Band 1 for Arbitration in Egypt in the Chambers & Partners Global Guide 2018.
Recognition in Arbitration: Karim A. Youssef’s Standing in Chambers & Partners Global Guide 2018
Describing his role in the market, the Guide said: Karim Youssef is a respected figure in the arbitration arena, frequently representing clients from the construction and oil and gas industries. Market sources describe him as
“super-smart, very much at the top of his game.”
One client added:
“He’ll be our first choice for any future matter.”
Chambers Global is one of the world’s leading directories of legal practitioners. It has been ranking the best lawyers since 1990, and now covers 185 jurisdictions.
See the full listing here1.
Details of Karim’s listing in Band 1 for 2017 can be seen here.
Stay Updated
FAQ ABOUT Recognition in Arbitration:
What is recognition in arbitration?
Recognition in arbitration refers to the legal acknowledgment and acceptance of an arbitral award by courts or other relevant authorities. It ensures that the decision rendered by an arbitral tribunal is enforceable and binding on the parties involved. Recognition typically involves confirming the validity of the award and its compliance with procedural and substantive requirements, allowing parties to seek enforcement or challenge the award as permitted under applicable laws and treaties.
What is the Geneva Convention on Recognition and Enforcement of Arbitral Awards?
The Geneva Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly known as the New York Convention, is an international treaty aimed at facilitating the recognition and enforcement of arbitral awards globally. It was adopted in 1958 and has been ratified by over 160 countries, making it one of the most widely accepted conventions in international arbitration law. The New York Convention establishes a framework for the recognition and enforcement of arbitral awards across borders, promoting the finality and enforceability of arbitration outcomes in signatory states.
How to Collect an Arbitration Award?
Collecting an arbitration award involves several key steps, which may vary depending on the jurisdiction and specific circumstances:
- Review the Award: Carefully review the arbitral award to understand the obligations imposed on each party, including the amount to be paid and any specific terms or conditions.
- Confirm Validity: Ensure that the arbitral award is valid and enforceable under the laws of the jurisdiction where enforcement is sought. This may involve verifying compliance with procedural requirements and confirming that the award is not subject to any legal challenges or appeals.
- File for Enforcement: File a petition or application for enforcement of the arbitral award in the appropriate court or authority. Provide necessary documentation, such as a certified copy of the arbitral award and evidence of service on the opposing party.
- Obtain a Court Order: Upon successful filing, the court or relevant authority may issue an order recognizing and enforcing the arbitral award. This order enables the award to have the same force as a court judgment, allowing for execution against assets or other remedies as provided by law.
- Enforcement Actions: Execute enforcement actions as permitted under local laws and the enforcement order. This may include garnishment of bank accounts, seizure of property, or other legal means to compel compliance with the arbitral award.
- Monitor Compliance: Monitor the opposing party’s compliance with the enforcement order and take further legal steps if necessary to ensure full satisfaction of the arbitral award.
- https://www.chambersandpartners.com/74/568/editorial/2/1#profileEditorial_878127 [↩]
