International Arbitration in Japan
Introduction
International arbitration in Japan is a preferred method for resolving cross-border commercial disputes. The legal framework ensures that Japan is a reliable seat for international arbitration.
Recognition and Enforcement of Awards
Japan is a signatory to the New York Convention. Courts adopt a pro-enforcement approach, recognizing and enforcing foreign arbitral awards unless limited grounds for refusal under Article V of the Convention are established.
Arbitral Institutions
The Arbitration Foundation of Southern Africa (AFSA) is the leading institution.
Interim Measures
Courts and arbitral tribunals may grant interim measures in support of arbitration. These include asset preservation orders, security for costs, and orders to maintain the status quo.
Conclusion
International arbitration in Japan benefits from a supportive legal framework and respected arbitral institutions, making it an attractive seat for cross-border dispute resolution.