(Cayman) Enforcement of Foreign Arbitral Awards

The purpose of this briefing note is to consider the availability of, and procedure for, enforcement in the Cayman Islands of foreign arbitral awards.

Foreign arbitral awards have no direct operation in the Cayman Islands, so, for example, they cannot directly be enforced by execution. However, previously, awards made in states that are party to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the "New York Convention") could be enforced within the Islands. Following the enactment of the Arbitration Law, 2012, (the "Arbitration Law") in July 2012, that jurisdiction has been significantly extended so that arbitral awards from any foreign state may be enforced pursuant to Cayman Islands statute, irrespective of whether or not the New York Convention is engaged.

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CAYMAN ISLANDS
Colette WilkinsPartnerT +1 345 914 4215colette.wilkins@walkersglobal.com
Andrew GibsonSenior CounselT +1 345 814 4573andrew.gibson@walkersglobal.com

JERSEY
Fraser HernGroup PartnerT +44 (0) 1534 700 780fraser.hern@walkersglobal.com

LONDON
John O'DriscollPartnerT +44 (0)20 7220 4987john.o'driscoll@walkersglobal.com