ENFORCEMENT OF ARBITRAL AWARDS UNDER CAMEROONIAN LAW: IMPLICATIONS AND EFFECTIVENESS
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Abstract
The extent to which Cameroonian laws guarantee the recognition and enforcement of arbitral awards relating to commercial disputes is problematic. These problems result from the influx of foreign investors in Cameroon. The work, therefore, seeks to examine the various principles guiding the grant and enforcement of arbitral awards, the various types of arbitral awards, enforcement and the difficulties involved in the process. The methodology applied consists of data collection and analysis. Findings show that arbitral awards are of paramount importance as they touch on settling commercial disputes, which occur almost daily, both at national and international levels. The work draws the legislator’s and law enforcement officials’ attention to arbitral awards in Cameroon. From an economic perspective, arbitration, the preferred way of settling commercial disputes, is a major tool to boost the economic sector. The effective enforcement of arbitral awards will give investors and other businessmen the assurance of a legal system backing up their investments. Socially, the effective enforcement of arbitral awards in Cameroon will encourage businesspersons by assuring them of a legal system ready to secure their investments.
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