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Arbitration is a contractual form of legal settlement for
domestic and/or international disputes. Any given party's
right to refer their dispute to arbitration depends on the
existence of an ‘
Arbitration
Agreement' between parties to the dispute.
Recognizing the increasing importance of international
arbitration as a means of settling international commercial
disputes, the Convention on the Recognition and Enforcement of
Foreign Arbitral Awards (“New York Convention 1958”)
seeks to provide common legislative standards on the recognition of
arbitration agreements as well as the recognition and enforcement