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9 Award

Nigel Blackaby, Constantine Partasides, Alan Redfern

From: Redfern and Hunter on International Arbitration (7th Edition)

Nigel Blackaby KC, Constantine Partasides, Alan Redfern

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved. date: 23 July 2024

Subject(s):
Awards — Deliberation and drafting — Review of arbitral awards — UNCITRAL Arbitration Rules — Arbitral tribunal

This chapter discusses awards as the destination of international arbitration. Both the United Nations Commission on International Trade Law (UNCITRAL) and the International Chamber of Commerce (ICC) recognise the significance of an award at the place of arbitration. Arbitral awards include awards made by both arbitrators and by permanent arbitral bodies that the parties submitted. The chapter clarifies the difference between an award and an order in terms of a tribunal’s decisions. However, no arbitral tribunal is expected to guarantee the enforcement of its award in the winner’s choice of country. While all awards are final and binding, they are still subject to certain exceptions, such as their delivery.

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