International sale of goods is regulated by the Convention on Contracts for the International Sale of Goods signed in Vienna in 1980. This Convention establishes the order of conclusion of such contracts, rights, and obligations of the parties, as well as consequences of non-fulfillment of contractual obligations by the parties. Taking into account the variety….

The 1958 New York Convention on Recognition and Enforcement of Foreign Arbitral Awards regulates the peculiarities of recognition and enforcement of foreign arbitral awards in different countries. The Republic of Armenia joined the Convention in 1998. Adoption of this Convention has created a very positive background for extension of arbitration in relations among transnational business entities….