What is the major difference between domestic and international arbitrations?

Question

Quizplus · Accepted Answer

The major difference between domestic and international arbitrations is the enforceability of arbitration awards. International arbitration awards have wide enforceability in many countries, whereas domestic arbitration awards only have enforceability within the country where the arbitration was conducted. This is due to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which provides a mechanism for recognizing and enforcing international arbitration awards in over 160 countries. The different arbitration rules between organizations may vary, but it is not the major difference between domestic and international arbitrations. American courts do recognize the validity of international arbitration.

What Is the Major Difference Between Domestic and International Arbitrations