How do international arbitration awards differ from domestic arbitration awards?

International arbitration awards and domestic arbitration awards are similar in that they are both legally binding decisions made through Arbitration. However, there are some key differences between the two. In the United States, domestic arbitration awards are bound by its state law, which is enforced by the courts. On the other hand, international arbitration awards are subject to the rules of the international body that administered the arbitration. This means that different dispute resolution laws found in foreign countries may apply to the arbitration. There are also differences in the enforcement of the awards. Domestic arbitration awards are typically easier to enforce, as they are governed by state law. On the other hand, international arbitration awards must be recognized by other countries in order to be enforced. This is often a lengthy and expensive process. International arbitration awards may also be subject to different forms of review than domestic arbitration awards. In some countries, international arbitration awards may be reviewed by a court in order to determine if the award is valid. This is not typically done for domestic arbitration awards in the United States. Overall, international arbitration awards are subject to different dispute resolution laws, the enforcement is more difficult, and the awards may be subject to different forms of review than domestic arbitration awards.

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