If the company enters into a contract with a foreign party

The party advised that there had been a delay in production and they were amending the contract to increase the price by 35% until further instalment was made by the company or otherwise no shipment

The company deferred the matter to arbitration with the contract.

Assuming the Company is unsuccessful in the arbitration and a monetary award is made against the company. Can the foreign party enforce the arbitration award in the company's home country?

Discuss any relevant convention, regulation, and the process

keywords: New York Convention, International Arbitration Act