§ 290k-11. — Arbitral awards; enforcement; full faith and credit; Federal Arbitration Act inapplicable; exclusiveness of district court jurisdiction.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC290k-11]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XXVI--MULTILATERAL INVESTMENT GUARANTEE AGENCY
Sec. 290k-11. Arbitral awards; enforcement; full faith and
credit; Federal Arbitration Act inapplicable; exclusiveness of
district court jurisdiction
(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.
(Pub. L. 100-202, Sec. 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329-
131, 1329-134.)
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 Dec. 11, 1987, and enacted into law by
Pub. L. 100-202.
