Section 2Part 0 —
Definitions and application
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In this Law —
means an agreement in writing (including an agreement contained in an exchange of letters or telegrams) to submit to arbitration present or future differences capable of being settled by arbitration;
means an award made in pursuance of an arbitration agreement in the territory of a State, other than the Islands, which is a party to the New York Convention;
with reference to an arbitration agreement, means an agreement which does not provide expressly or by implication for arbitration in a State other than the Islands and to which neither —
an individual who is a national of, or habitually resident in, any State other the Islands; nor
a body corporate which is incorporated in, or whose central management and control is exercised in, any State other than the Islands,
means the Convention on the Recognition and Enforcement of Foreign Arbitral Awards adopted by the United Nations Conference on International Commercial Arbitration on the 10th of June, 1958.
If Her Majesty in Council, by Order in Council, declares that any State specified in the Order is a party to the New York Convention, the Order shall, while in force, be conclusive evidence that such State is a party to the Convention.
An Order in Council may be varied or revoked by a subsequent Order in Council.
Defined Terms
arbitration agreementConvention awarddomesticNew York Convention