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Cap. 387 · cap/387 (Cap. 387)

Cap. 387 Art. 44Form of the award, interim, interlocutory or partial award.

PART IV

In KraftAmtlicher Text

(1) Unless otherwise agreed between the parties, the arbitral tribunal may make more than one award at different times on different aspects of the matters to be determined. The arbitral tribunal may make an award relating -

(a) to an issue affecting the whole claim, or

(b) to a part only of the claims or counterclaims submitted to it for decision, and shall also be entitled to make interim and/or interlocutory awards.

(2) The award shall be in writing and shall be deemed to be delivered at the place agreed by the parties as the place of arbitration, or, in the absence of agreement, determined by the arbitral tribunal.

(3) The arbitral tribunal shall state the reasons upon which the award is based, unless the parties have agreed that no reasons are to be given: Provided that in the case of interlocutory awards relating to the procedures of the arbitration, no reasons are to be given.

(4) An award shall be signed by the arbitrators and it shall

(5) The award may be made public only with the consent of both parties.

(6) Copies of the award signed by the arbitrators shall be communicated to the parties by the arbitral tribunal.

(7) An award is final when it settles all or part of the merits of an issue, is susceptible of immediate implementation and is not preparatory to another stage in the proceedings or otherwise has the effect of bringing the proceedings to an end.

(8) The arbitral tribunal shall immediately and in any case not later than twenty days from the date referred to in subarticle (4), present any final awards together with all partial and interim awards not already registered to the registrar for registration by the Centre and shall comply with the relevant provisions of this Act and the requirements of registration issued by the Centre.

(9) Subject to recourse being made against an award in terms of article 69A, final awards shall be binding on the parties, and the parties shall carry out such awards without delay.

(10) Interlocutory awards are not subject to registration, no recourse may be taken against them and they are binding on the parties to the proceedings immediately on their notification to the parties who shall carry them on without delay.

Änderungsgeschichte
  • Amended by XVIII.1999.16