606. Effect of registration of the award.

The monetary obligations imposed by an award1 have the same force and effect for the purposes of execution as a judgment of the High Court2 given when the award was rendered pursuant to the Convention on the Settlement of Investment Disputes (1965)3 and entered on the date of registration under the Arbitration (International Investment Disputes) Act 1966, and, so far as relates to such monetary obligations4:

  1.  

    (1)     proceedings may be taken on the award5;

  2.  

    (2)     the sum for which the award is registered carries interest6; and

  3.  

    (3)     the High Court has the same control over the execution of the