Q: What is foreign award according to geneva Convention and new york Convention ?
Ans: The part 2 of arbitration and conciliation act , 1996 is enforcement of foreign award and comprises of sections from 44 to Sec 60. The Section 44 to section 52 is based on new york Convention whereas section 53 to section 60 is based on Geneva Convention .
Foreign Award (Recognition and Enforcement Act, 1961) is a consequence of Newyork Convention, 1958.
Foreign Arbitration Agreement is defined under Article 7 of uncitral model law.
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