WWW Virtual Library --- Arbitration Database
 
Philippines

NEW YORK CONVENTION, 1958.

Date of signature: 10 June 1958. Date of ratification: 6 July 1967.

Entry into force for : 4 October 1967.

Limited to Awards:

• From other Contracting States
• Relating to a Commercial relationship

On signing the convention the following reservation was made: "The Philippine delegation signs ad referendum this Convention with the reservation that it does so on the basis of reciprocity." [Signature ad referendum is now rare, Such a signature is not definite unless confirmed.]
Declaration: "The Philippines will apply the Convention to the recognition and enforcement of awards made only in the territory of another contracting State pursuant to Article I, paragraph 3 of the Convention." Upon ratification it was declared that: "The Philippines, on the basis of reciprocity, will apply the Convention to the recognition and enforcement of awards made only in the territory of another Contracting State and only to differences arising out of legal relationships, whether contractual or not, which are considered as commercial under the national law of the State making such declaration."