This paper addresses the process of recognizing foreign arbitral awards in international arbitration, focusing on the New York Convention and national legislation. By examining the concepts, characteristics, and types of arbitration, it also analyzes the role of awards in the arbitration process. The importance of the 1958 New York Convention in establishing international standards for the recognition and enforcement of foreign arbitral awards is particularly emphasized. Concurrently, national legislation, such as the Arbitration Act, complements these standards and adapts them to the specifics of the domestic legal system. Through an analysis of the legal framework and the recognition process, the paper explores the details of the recognition of foreign awards, including the submission of requests, the conditions for recognition and enforcement of recognized foreign awards, and the grounds for refusing recognition and enforcement. By presenting the content of the New York Convention and national legislation, the paper highlights the similarities and differences in their approaches to the recognition of foreign awards. The importance of recognizing foreign awards for ensuring legal certainty and the effective resolution of international arbitration disputes is emphasized. There is an inevitable need for continuous improvement of legal mechanisms to ensure legal certainty in international business relations.