This is the usual first question once we inform clients about a positive arbitration award. The answer bears a huge ‘depends’: (1) depends on whether or not the award debtor pays after the release of the award; (2) further depends on the process to obtain  the ratification and enforcement of the award; and (3) ultimately depends

What is it? In very brief, an arbitration agreement is a parties’ common intention documented generally via a clause in a commercial contract to bypass national court jurisdictions and refer to an arbitral tribunal to decide a potential dispute.  Why is important? It is important for parties who seek expertise, quickness, confidentiality, neutrality, being able