Liechtenstein Accedes to Convention on the Recognition and Enforcement of Foreign Arbitral Awards. 146th Country to Become Party to the Convention
With its accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (also commonly known as the New York Convention), effected on 7 July 2011, Liechtenstein becomes the 146th State party to the Convention. The Convention will enter into force for Liechtenstein on 5 October 2011.
The "New York" Convention is widely recognized as a foundation instrument of international arbitration and requires courts of contracting States to give effect to an agreement to arbitrate when seized of an action in a matter covered by an arbitration agreement and to recognize and enforce awards made in other States, subject to specific limited exceptions.
source: UN Information Service