Arbitration Act 1940
Sch . I Article VII
Convention on the Recognition and Enforcement of Foreign Arbitral Awards
THE FIRST SCHEDULE
(See section 44)
1. The provisions of the present Convention
shall not affect the validity of multilateral or bilateral agreements
concerning the recognition and enforcement of arbitral awards entered into by
the Contracting States nor deprive any interested party of any right he may
have to avail himself of an arbitral award in the manner and to the extent
allowed by the law or the treaties of the country where such award is sought to
be relied upon.
2. The Geneva Protocol on
Arbitration Clauses of 1923 and the Geneva Convention on the Execution of
Foreign Arbitral Awards of 1927 shallcease to have
effect between Contracting States on their becoming boundand
to the extent that they become bound by this Convention.