Q - The New York Convention on Recognition and Enforcement of Foreign Arbitral Awards

This article is about the The New York Convention on Recognition and Enforcement of Foreign Arbitral Awards.

Article (I)

  1. This Convention shall apply to the recognition and enforcement of arbitral awards made in the territory of a State other than the State where the recognition and enforcement of such awards are sought, and arising out of differences between persons, whether physical or legal. It shall also apply to arbitral awards not considered as domestic awards in the State where their recognition and enforcement are sought.

  2. The term "arbitral awards" shall include not only awards made by arbitrators appointed for each case but also those made by permanent arbitral bodies to which the parties have submitted.