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In Canada, the Alberta Court of Appeal has ruled that a request for recognition and enforcement of an international commercial arbitral award under the New York Convention is subject to the same 2 year limitation period as applies to applications for enforcement of foreign judgments
As a result of the wide discretion given to tribunals under both the ICSID and the UNCITRAL rules, there are no precise principles governing the allocation of costs incurred during investment treaty arbitrations
On 11 June 2007, a tribunal constituted under the investor-state dispute settlement procedures of NAFTA (North American Free Trade Area) Chapter 11 ruled 2-1 against the United Parcel Service of America (“UPS”) in its long-running arbitration against Canada
