In this multipart article, attorneys from Reed Smith explain how parties to an arbitration can avoid a “Pyrrhic victory”—in other words, an arbitral award won, but not paid—in various jurisdictions around the globe. This first part covers the United States and France. Upcoming parts, to be published in future issues of the Dispute Resolution Journal, will examine the rules in Hong Kong, the United Arab Emirates, the United Kingdom, Singapore, and Latin America.