Homologating foreign arbitral awards: Applicable prescription period

By Charles Côté-De Lagrave and Joshua Lasry (September 12, 2022, 1:20 PM EDT) -- This June, the Quebec Court of Appeal rendered an important decision about the prescription period applicable to homologating foreign arbitral awards. This decision highlights the critical difference between litigating the existence of a right and enforcing an arbitral award that recognizes that right. Moreover, this decision demonstrates the growing importance of arbitration in Quebec’s legal system....