Arbitration (International Commercial) Act, 1998
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Effect of award. |
14.—(1) An award made by an arbitral tribunal under an arbitration agreement shall be enforceable in the State either by action or, by leave of the High Court, in the same manner as a judgment or order of that Court to the same effect and, where leave is given, judgment may be entered in terms of the award. | |
(2) An award referred to in subsection (1) shall be treated as binding for all purposes on the parties between whom it was made, and may accordingly be relied on by any of those parties by way of defence, set-off or otherwise in any legal proceedings in the State, and any reference in this section to the enforcement of an award shall be construed as including a reference to the reliance on such an award. | ||
(3) Unless otherwise agreed by the parties, Articles 35 and 36 shall apply to orders made by an arbitral tribunal under Article 17 as if a reference in Articles 35 or 36 to an award were a reference to such an order and subsections (1) and (2) shall apply accordingly. | ||
(4) Nothing in this section affects the recognition or enforcement of an award under— | ||
(a) Part V of the Arbitration Act, 1954 (enforcement of awards under the Geneva Convention), or | ||
(b) Parts III and IV of the Arbitration Act, 1980 (enforcement of awards under the New York and Washington Conventions). |