(1) The recognition and enforcement of foreign arbitral awards is governed by the Convention on the recognition and enforcement of foreign arbitral awards of 10 June 1958 (published in Federal Law Gazette 1961 II p. 121). The provisions of other treaties concerning the recognition and enforcement of arbitral awards remain unaffected hereby.
(2) Where the declaration of enforceability is to be denied, the court will establish in a declaratory ruling that the arbitral award is not to be recognised in Germany.
(3) Where, after having been declared enforceable, the arbitral award is set aside abroad, an application may be filed seeking to have repealed the declaration of enforceability.