Content of an Award in International Arbitration An award shallset forth the claims, the facts alleged, the grounds upon which the award isbased, the outcome of the arbitration, the apportionment of the arbitrationcosts and fees, the time period for performing the award, and the liabilitiesfor failure to perform within …
In accordance with the Arbitration Law of the People’s Republic of China,an arbitration award shall take effect and become binding and legallyenforceable as of the date when it is made.
If you find any clerical, typographical, or computational error in thearbitration award or that any issue decided by the arbitral tribunal is omittedin the arbitration award, you may request additions and corrections within 30days from the date of receipt of the award.
Time Period for Rendering an Award in International Arbitration An arbitraltribunal shall render an arbitration award the time period specified in theapplicable arbitration rules. In the case of international arbitration, thetime period for rendering an award is 6 months from the date of composition orappointment of the…
Corrections andAdditions of anAward in International Arbitration If thearbitral tribunal finds any clerical, typographical, or computational errors orissues that have been decided by the arbitral tribunal but omitted in theaward, it shall make corrections and additions in a timely manner. If eitherparty or any other par…
Signature and Seal An award shall be signed by the arbitrators or sole arbitrator making theaward and sealed by the arbitration commission.A dissenting arbitrator may sign or refuse to sign the award.
Scrutiny of Draft Award in International ArbitrationIn practice, the arbitral tribunal should not sign an awardbefore its draft is submitted to the arbitration commission for scrutiny. The arbitration commissionmay express opinions or suggest modification on the form or substantive issues ofthe award without affecting t…
Additional AwardIf the arbitral tribunal finds that any claim has been presented in thearbitration proceedings but is omitted from the arbitration award, it shallmake an additional award on its own initiative within a reasonable time afterthe award is made.If eitherdisputing party finds that any claimhas been presented …
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