Ontario has enacted and brought into force the International Commercial Arbitration Act, 2017, SO 2017, c 2, Sched 5 to replace its previous statute on international commercial arbitration. The central feature of the new statute is that both the 1958 New York Convention and the 1985 Model Law have the force of law in Ontario.
The previous statute did not address the issue of the limitation period for enforcing a foreign award. The new statute addresses this at s. 10, adopting a general 10 year limitation period from the date of the award or if proceedings at the place of arbitration to set aside the award were commenced, the date on which the proceedings concluded.
Click here to review the new Act.
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