ERDEM-NEWSLETTER-2018-metin

134 NEWSLETTER 2018 have been set aside by the arbitral seat 9 , and this imbalance in the application is an acknowledged fact. It is important to realize that even if a revision is made, there is great risk that contracting states will not be willing to sign a new convention. There is even a greater risk if some states sign the new draft and some reject to, as adaption of a new treaty is not an easy task. The credibility of the Convention, which has been recognized as a tool promoting international arbitration is at stake. A good analysis needs to be made, and there should be justifiable grounds to compel such revision. The work is ongoing and there are many proposals that need to be meticulously considered. Many events and conferences will take place this year that will discuss the impact of the Convention, and also consider future chal- lenges that may be faced with an aim to tackle the current issues. As Paulsson puts it, “ possibilities are countless when mapping the future.” Let us see what the future brings. 9 Silberman, Linda : The New York Convention After Fifty Years: Some Reflec- tions on the Role of National Law , GA. J. INT’L & COMP. L. Vol 38:255 2009 pp. 26-46.