United States Code (Last Updated: May 24, 2014) |
Title 22. FOREIGN RELATIONS AND INTERCOURSE |
Chapter 7. INTERNATIONAL BUREAUS, CONGRESSES, ETC. |
SubChapter XXVI. MULTILATERAL INVESTMENT GUARANTEE AGENCY |
§ 290k–11. Arbitral awards; enforcement; full faith and credit; Federal Arbitration Act inapplicable; exclusiveness of district court jurisdiction
Latest version.
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(a) An award of an arbitral tribunal resolving a dispute arising under Article 57 or Article 58 of the Convention shall create a right arising under a treaty of the United States. The pecuniary obligations imposed by such an award shall be enforced and shall be given the same full faith and credit as if the award were a final judgment of a court of general jurisdiction of one of the several States. The Federal Arbitration Act (9 U.S.C. 1, et seq.) shall not apply to enforcement of awards rendered pursuant to the Convention. (b) The district courts of the United States (including the courts enumerated in section 460 of title 28) shall have exclusive jurisdiction over actions and proceedings under subsection (a) of this section, regardless of the amount in controversy.
References In Text
The Federal Arbitration Act, referred to in subsec. (a), is classified generally to Title 9, Arbitration.
Codification
Section is based on section 414 of title IV of H.R. 3750, One Hundredth Congress, as introduced