Legal Research

SCC grants leave in important international arbitration case

By Alex Manevich

The Supreme Court of Canada announced this morning that it has granted leave to appeal the decision of the Alberta Court of Appeal in Yugraneft v. Rexx Management. This decision has been the subject of considerable discussion among arbitration practitioners: as was discussed several months ago on Slaw, the case raises a number of difficult questions about how international arbitration and Canada’s treaty obligations in that respect interact with local procedural law - specifically limitation of actions - when seeking to enforce the award, and more generally whether foreign judgments and arbitral awards should continue to be treated, for limitations purposes, as mere contract debts.

A brief description of the issues in the case is available from the news release on Lexum.

Full post as published by Slaw.ca on February 26, 2009 (boomark / email).