Accession of the Democratic Republic of Congo to the New York Convention on arbitration
The Democratic Republic of Congo (DRC) just became the 150th State to accede to the Convention on Recognition and Enforcement of Arbitral Awards dated 10 June 1958, more commonly called the New York Convention, by statute no. 13/023 dated 26 June 2013.
The DRC is the 33rd African state to accede the New York Convention. This accession is of major importance for international investors seeking to develop activities in the DRC in a legally more secure environment, as it facilitates the enforcement of international arbitral awards in the DRC. The DRC has formulated a reservation in the statute of 26 June 2013, which is an important limitation to the scope of the New York Convention in the DRC.
Disputes relating to immovable property situated in the DRC or relating to rights in connection with that immovable property do not fall under the New York Convention. In practice, mining rights are characterised as immovable property under Congolese law. Given that a large part of the DRC revolves around mining activities, this is a material point…
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