Convention on the Recognition and Enforcement of Foreign Arbitral Awards
New York Convention
Institution
Costs
Time
State Court
min. ~300 EUR
avg. ~ 4.000 EUR
avg. 300 days ~ 10 years
VIAC
min. 5.200 EUR
1 year
Ad hoc
~ 300 EUR
2 months
Private court
electronic signatures
timestamped documents
random selection of arbiters based on nonce of block % Σ(Arbiters)
By pavoltravnik