Cap. 308 чл. 12Time for delivery of award. Cap. 12.

(1) Unless all the parties to the arbitration proceedings agree otherwise, the Tribunal shall give the award not later than six months from the day the respondents have filed their answer or the day on which the time for the filing of the answer expires, whichever is the earlier.

(2) Where the award cannot be delivered within the time mentioned in the preceding subarticle, such time may be extended for further periods, each not exceeding six months, at the request of the applicants or by the Tribunal in exceptional circumstances which shall be expressly stated and entered in the records of the arbitration proceedings.

(3) Where any period referred to in the preceding subarticles is for any reason not extended as therein provided, the proceedings shall be deemed to have been adjourned to an unspecified date and the provisions of articles 964 and 965 of the Code of Organization and Civil Procedure shall, mutatis mutandis, apply to such proceedings; and in any such case the period mentioned in subarticle (1) shall commence on the date of the reappointment of the cause.