(1) A foreign award shall, subject to the provisions of this Act, be enforceable in the manner provided by section 20 of the Arbitration Act.
(2) Any foreign award which would be enforceable under this Act shall be treated as binding for all purposes on the persons as between whom it was made, and may accordingly be relied on by any of those persons by way of defence, set off or otherwise in any legal proceedings, and any references in this Act to enforcing a foreign award shall be construed as including references to relying on an award.