(6) If the award is annulled the dispute shall, at the
request of either party, be submitted to a new Tribunal constituted in accordance with
Section 2 of this Chapter.
Section 6
Recognition and Enforcement of the
Award
Article 53
(1) The award shall be binding on the parties and shall not
be subject to any appeal or to any other remedy except those provided for in this
Convention. Each party shall abide by and comply with the terms of the award except to the
extent that enforcement shall have been stayed pursuant to the relevant provisions of this
Convention.
(2) For the purposes of this Section, "award"
shall include any decision interpreting, revising or annulling such award pursuant to
Articles 50, 51 or 52.
Article 54
(1) Each Contracting State shall recognize an award
rendered pursuant to this Convention as binding and enforce the pecuniary obligations
imposed by that award within its territories as if it were a final judgment of a court in
that State. A Contracting State with a federal constitution may enforce such an award in
or through its federal courts and may provide that such courts shall treat the award as if
it were a final judgment of the courts of a constituent state.
(2) A party seeking recognition or enforcement in the
territories of a Contracting State shall furnish to a competent court or other authority
which such State shall have designated for this purpose a copy of the award certified by
the Secretary-General. Each Contracting State shall notify the Secretary-General of the
designation of the competent court or other authority for this purpose and of any
subsequent change in such designation.
(3) Execution of the award shall be governed by the laws
concerning the execution of judgments in force in the State in whose territories such
execution is sought.
Article 55
Nothing in Article 54 shall be construed as derogating from
the law in force in any Contracting State relating to immunity of that State or of any
foreign State from execution.