On 26 September 2014, Bhutan and Guyana deposited instruments of accession to the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards (commonly known as the New York Convention), becoming the 151st and 152nd States party to the Convention. Guyana has acceded to the Convention without any reservations, while Bhutan has made two: the “commerciality reservation”, which means that the Convention will only apply to disputes characterized as commercial under municipal law, and the “reciprocity reservation”, which means that the State party may choose to recognize and enforce only arbitral awards that are made in other States party (the Convention provides otherwise that all arbitral awards should be recognized and enforced wherever they are made). The Convention will enter into force for both countries on 24 December 2014.