Time Period for Rendering an Award in Summary Procedure in International Arbitration

Time Period for Rendering an Award in Summary Procedure in International Arbitration

The time period for rendering an award in the summary procedure is shorter than, generally no more than half of, that in the case of general procedure, for example, 3 months under the arbitration rules of CIETAC and SHIAC, 45 days under SHIAC FTZ Arbitration Rules, etc., from the date of composition of the arbitral tribunal.

The president of the arbitration commission may extend the time period for rendering an award if he deems it necessary at the request of the arbitral tribunal with good cause shown.

In case of any suspension of the proceeding, such suspension shall be excluded from the calculation of the time period for rendering an award.