Recognition and Enforcement - UNCITRAL Arbitration
An award made under the UNCITRAL Arbitration Rules is binding on all parties to the proceeding. If a party fails to comply with the award, the successful party can seek to have that award recognized and enforced in domestic courts.
Unlike the ICSID Convention, the UNCITRAL Arbitration Rules do not contain a recognition and enforcement mechanism. As the ICSID Convention is not applicable, the recognition and enforcement of an award made under the UNCITRAL Rules is governed by the law of the place of arbitration, including any applicable treaties (e.g. the 1958 UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”).
When the award is rendered, the Secretary-General authenticates and deposits the original award in the archives and transmits certified copies to the parties.
ICSID itself has no other role in the recognition and enforcement.