Section 54: Application of the Convention on Recognition and Enforcement of Foreign Arbitral Awards, etc.

(1) Without prejudice to sections 51 and 52 of this Act, where the recognition and enforcement of any award arising out of an international commercial arbitration are sought, the Convention on the Recognition and Enforcement of Foreign Awards (hereinafter referred to as "the Convention") set out in the Second Shedule to this Act shall apply to any award made in Nigeria or in any contracting State-
[Second Schedule.)
(a) provided that, such contracting State has reciprocal legislation recognising the enforcement of arbitral awards made in Nigeria in accordance with the provisions of the Convention;
(b) that the Convention shall apply only to differences arising out of legal relationship which is contractual.
(2) In this Part of this Act, "the appointing authority" means the Secretary-General of the Permanent Court of Arbitration at The Hague.