Question: What are the differences between the proceedings for the recognition of arbitral awards and the proceedings for the enforcement of awards? Select all that apply.

What are the differences between the proceedings for the recognition of arbitral awards and the proceedings for the enforcement of awards?
Select all that apply.
It takes place after the award was delivered by the arbitral tribunal.
It seeks to grant the same status and effect as a court judgement.
It implies the acknowledgment of the award as valid and binding.
It entails the collection of the amounts owed by the unsuccessful party to the arbitral proceedings.

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