The Legal Framework for Arbitration
General Information
UNCITRAL Model-Law based: No.
Legal Provisions: Articles 940-965 (III Book) of the Monegasque Code of Civil Procedure (Law No. 129 of 22 January 1930).
Arbitral Institutions
Monaco Chamber of Maritime Arbitration (CAMM)
Multilateral Conventions
New York Convention: Yes (ratification/accession: 2 June 1982); reservations: Referring to the possibility offered by Article I(3) of the Convention, the Principality of Monaco will apply the Convention, on the basis of reciprocity, to the recognition and enforcement of awards made only in the territory of another contracting State; furthermore, it will apply the Convention only to differences arising out of legal relationship, whether contractual or not, which are considered as commercial under its national law.
European Convention: No.
ICSID Convention: No.
Energy Charter Treaty: No.
Last updated February 2019