(1) This Convention shall apply to the recognition and enforcement of arbitral awards in the territory of a State other than that in which the recognition and enforcement of awards are sought, and arising from disputes between Natural or legal persons. It also applies to arbitral awards which are not considered to be national awards in the State in which recognition and enforcement are sought.

2. "Arbitral awards" means not only awards made by arbitrators appointed for specified cases, but also awards made by permanent arbitration bodies to which the parties have referred.

3. At the time of signing or ratifying this Convention, to accede to or to make the notification of extension provided for in Article X, any State may, on the basis of reciprocity, declare that it will apply the Convention to recognition and to The execution of the only sentences handed down in the territory of another Contracting State. It may also declare that it will apply the Convention only to disputes arising from legal, contractual or non-contractual relations, which are considered to be commercial by its national law.

1. Each Contracting State shall recognize the written agreement by which the parties are obliged to submit to arbitration all disputes or disputes that have raised or may arise between them in respect of a report of A specified right, whether contractual or non-contractual, relating to an issue that may be settled by arbitration.

2. "Written agreement" means an arbitration clause inserted in a contract, or a compromise, signed by the parties or contained in an exchange of letters or telegrams.

(3) The court of a Contracting State, having before it a dispute in respect of a matter in respect of which the parties have concluded an agreement within the meaning of this Article, shall refer the parties to the arbitration, at the request of one of them, unless it finds that That the said Convention lapses, inoperative or not capable of being applied.

Each of the Contracting States shall recognize the authority of an arbitral award and grant the execution of that award in accordance with the rules of procedure followed in the territory where the award is invoked, under the conditions set out in the articles Following. It shall not be imposed, for the recognition or enforcement of arbitral awards to which this Convention applies, substantially more stringent conditions or substantially higher costs of justice than those imposed For the recognition or enforcement of national arbitral awards.

1. To obtain recognition and enforcement referred to in the foregoing Article, the party requesting recognition and enforcement shall provide, at the same time as the application:

A.

The duly authenticated original of the award or a copy of that original meeting the requirements for its authenticity;

B.

The original of the Convention referred to in Article II, or a copy of the requirements for its authenticity.

(2) If the said award or agreement is not in an official language of the country where the award is invoked, the party seeking recognition and enforcement of the award shall have to produce a translation of those documents in that country. Language. The translation will have to be certified by an official translator or a sworn translator or by a diplomatic or consular official.

(1) Recognition and enforcement of the award shall not be refused, at the request of the party against whom it is invoked, unless that party provides the competent authority of the country where the recognition and enforcement are sought:

A.

That the parties to the Convention referred to in Article II were, by virtue of the law applicable to them, subject to an incapacity, or that the Convention is not valid under the law to which the parties have subordinated it or, failing that An indication in this respect, under the law of the country in which the award was made; or

B.

That the party against whom the award is invoked has not been duly informed of the appointment of the arbitrator or arbitration procedure, or that it has been unable, for any other reason, to assert its means; or

C.

Whether the award relates to a dispute not covered by the compromise or does not fall within the expectations of the arbitration clause, or contains decisions that go beyond the terms of the compromise or the arbitration clause; Provisions of the award relating to matters referred to arbitration may be dissociated from those relating to matters not subject to arbitration, the former may be recognized and enforced; or

D.

That the constitution of the arbitral tribunal or arbitration procedure has not been in conformity with the Convention of the Parties, or, in the absence of an agreement, that it has not been in conformity with the law of the country where the arbitration took place; or

E.

That the award has not yet become binding on the parties or has been cancelled or suspended by a competent authority of the country in which, or according to the law of which the award has been made.

2. Recognition and enforcement of an arbitral award may also be refused if the competent authority of the country in which recognition and enforcement is required finds:

A.

That, according to the law of these countries, the subject matter of the dispute is not likely to be settled by arbitration; or

B.

That the recognition or enforcement of the sentence would be contrary to the public order of that country.

If the cancellation or suspension of the award is requested from the competent authority referred to in Article V, paragraph 1 E , the authority before whom the award is invoked may, if it considers it appropriate, stay the proceedings on the execution of the award; it may also, at the request of the party requesting the enforcement of the award, order the other party to provide Appropriate security.

(1) The provisions of this Convention shall not affect the validity of the multilateral or bilateral agreements concluded by the Contracting States in respect of the recognition and enforcement of arbitral awards and shall not deprive any party Interested in the right that it may have to avail itself of an arbitral award in the manner and to the extent permitted by the legislation or treaties of the country where the award is invoked.

2. The 1923 Geneva Protocol ¹ Concerning arbitration clauses and the Geneva Convention of 1927 ² For the execution of foreign arbitral awards shall cease to have effect between the Contracting States of the day and to the extent that they become bound by this Convention.

(1) This Convention shall be open until 31 December 1958 at the signature of any Member State of the United Nations, as well as of any other State which is, or subsequently becomes, a member of one or more specialized agencies of the United Nations or Party to the Statute of the International Court of Justice ¹ , or has been invited by the General Assembly of the United Nations.

2. This Convention shall be ratified and the instruments of ratification deposited with the Secretary-General of the United Nations.

1. All States referred to in Article VIII may accede to this Convention.

(2) Accession shall be made by the deposit of an instrument of accession with the Secretary-General of the United Nations.

(1) Any State may, at the time of signature, ratification or accession, declare that this Convention shall extend to all the territories it represents on the international level, or to one or more of them. This declaration will have effect at the time of entry into force of the Convention for that State.

2. Thereafter, any such extension shall be made by notification addressed to the Secretary-General of the United Nations and shall have effect from the ninetieth day after the date on which the Secretary-General Of the United Nations shall have received the notification, or on the date of entry into force of the Convention for that State, if the latter date is later than that date.

3. With regard to the territories to which this Convention does not apply on the date of signature, ratification or accession, each State concerned shall examine the possibility of taking appropriate measures to extend the Convention in those Territories, subject to such constitutional grounds as may be required, by the consent of the Governments of those Territories.

The following provisions shall apply to federal or non-unitary states:

A.

With respect to the articles of this Convention which fall within the legislative competence of the Federal Government, the obligations of the Federal Government shall be the same as those of the Contracting States which are not of the Federal States;

B.

With regard to the articles of this Convention which fall within the legislative competence of each of the constituent states or provinces, which are not, by virtue of the constitutional system of the Federation, required to take measures The federal government will, with its favourable opinion, bear the said articles to the knowledge of the competent authorities of the constituent states or provinces as soon as possible;

C.

A federative State party to this Convention shall, at the request of any other Contracting State which has been transmitted to it through the Secretary-General of the United Nations, communicate a statement of the laws and Practices in force in the federation and its constituent units, in respect of any provision of the Convention, indicating the extent to which the effect has been given, through legislative or other action, to that provision.

(1) This Convention shall enter into force on the ninetieth day after the date of the deposit of the third instrument of ratification or accession.

(2) For each State ratifying or acceding to the Convention after the deposit of the third instrument of ratification or accession, it shall enter into force on the ninetieth day after the date of the deposit by that State of its instrument of Ratification or accession.

1. Any Contracting State may denounce this Convention by written notification addressed to the Secretary-General of the United Nations. The denunciation shall take effect one year after the date on which the Secretary-General of the United Nations receives the notification.

2. Any State which has made a declaration or a notification in accordance with Article X may subsequently notify the Secretary-General of the United Nations that the Convention shall cease to apply to the territory in question one year After the date on which the Secretary-General has received such notification.

(3) This Convention shall remain applicable to arbitral awards in respect of which a recognition or enforcement procedure has been commenced before the coming into force of the denunciation.

A Contracting State may rely on the provisions of this Convention against other Contracting States only to the extent that it is itself bound to apply the Convention.

The Secretary-General of the United Nations shall notify all States referred to in Article VIII:

A.

The signatures and ratifications referred to in Article VIII;

B.

The accessions referred to in Article IX;

C.

The declarations and notifications referred to in Articles 1, X and XI;

D.

The date on which this Convention enters into force, pursuant to Article XII;

E.

The denunciations and notifications referred to in Article XIII.

1. This Convention, of which the English, Chinese, Spanish, French and Russian texts are equally authentic, shall be deposited in the archives of the United Nations.

2. The Secretary-General of the United Nations shall furnish a certified copy of this Convention to the States referred to in Article VIII.

(Suivent signatures)