Arbitration Act, 1954
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Effect of foreign awards. |
55.—(1) A foreign award shall, subject to the provisions of this Part, be enforceable in the State either by action or in the same manner as an award of an arbitrator is enforceable by virtue of section 41 of this Act. | |
(2) Any foreign award which would be enforceable under this Part shall be treated as binding for all purposes on the persons as between whom it was made, and may accordingly be relied on by any of those persons by way of defence, set-off or otherwise in any legal proceedings in the State, and any references in this Part to enforcing a foreign award shall be construed as including references to relying on an award. |