First Paragraph
The victory of having an arbitral tribunal decide on your behalf starts a new process: the quest for recognition and enforcement of the arbitral award. In Yugraneft Corporation v. Rexx Management Corporation, the Supreme Court of Canada addressed the limitation period applicable to the recognition and enforcement of foreign arbitral awards in the province of Alberta. Under international arbitration law, any limitation period is left to the procedural law of the jurisdiction in which the enforcement and recognition of the award is being sought. By holding that Yugraneft's claim to enforce the Russian arbitral award was brought after the expiry of the applicable local period of limitation, the Supreme Court of Canada upheld the decision of two lower courts.
Recommended Citation
Linnea Ignatius, Times Up!: The Harsh Reality of the Power of the Period of Limitations on the Enforcement of Awards, 3 Arb. L. Rev. 447 (2011).