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inspired confidence in the rule of law and ensured fair treatment in the resolution of disputes arising over contractual rights and obligations,","type":"paragraph","heading_level":null,"paragraph_type":"preambular","paragraph_level":1,"prefix":null,"links":[],"textWithHighlights":"*Convinced* that the Convention, by establishing a fundamental legal framework for the use of arbitration and its effectiveness, has strengthened respect for binding commitments, inspired confidence in the rule of law and ensured fair treatment in the resolution of disputes arising over contractual rights and obligations,","mandates":[{"action_verb":"Convinced","action_verb_normalized":"be 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the objectives of the Convention,","mandates":[{"action_verb":"Emphasizing","action_verb_normalized":"emphasize","action_verb_type":"reinforcing","assignees":[],"mentioned_entities":[],"deliverables":[]}],"section":"main","text_index":1,"parser_version":"sem-v5","source":"digitallibrary"},{"extraction_quality_warning":false,"id":"7a134ba4-aaae-5356-8d23-42fbf5873899","position":11,"note_ids":[],"note_references":[],"text":"Expressing its hope that States that are not yet parties to the Convention will soon become parties thereto, which would ensure that the legal certainty afforded by the Convention is universally enjoyed, decreasing the level of risk and transactional costs associated with doing business and thus promoting international trade,","type":"paragraph","heading_level":null,"paragraph_type":"preambular","paragraph_level":1,"prefix":null,"links":[],"textWithHighlights":"*Expressing* its hope that States that are not yet parties to the Convention will soon become parties thereto, which would ensure that the legal certainty afforded by the Convention is universally enjoyed, decreasing the level of risk and transactional costs associated with doing business and thus promoting international trade,","mandates":[{"action_verb":"Expressing","action_verb_normalized":"express","action_verb_type":"evaluative","assignees":[],"mentioned_entities":[],"deliverables":[]}],"section":"main","text_index":1,"parser_version":"sem-v5","source":"digitallibrary"},{"extraction_quality_warning":false,"id":"24e782be-bdf7-55c0-bee4-0b9de511ffd4","position":12,"note_ids":[],"note_references":[],"text":"Welcomes the initiatives being undertaken by various organs and agencies within and outside the United Nations system to organize conferences and other similar events to celebrate the fiftieth anniversary of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards1 and to provide a forum for an exchange of views on experiences worldwide with the implementation 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