To print this article, all you need is to be registered or login on Mondaq.com. 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