- Awards — Deliberation and drafting — Annulment — Correction of award — Judicial review of arbitral awards — Revision of award — Arbitration
This chapter explores the various issues in relation to arbitral awards under the CIETAC Rules. These issues include: the types of awards (Articles 49 and 50); the time period for rendering an award (Article 48); the making of an award (Article 49); the scrutiny of a draft award (Article 51); the allocation of costs (Article 52); correction of an award (Article 53); an additional award (Article 54); and performance of an award (Article 55). Arbitral awards are written decisions of an arbitral tribunal dealing with substantive matters in dispute and which have been submitted to arbitration. Under the CIETAC Rules, the arbitral tribunal may make the following types of awards: (1) partial award and interlocutory award; (2) consent award; and (3) final award. As set forth in Article 48.1, a final award shall be rendered within six months from the date on which the arbitral tribunal was constituted. Under Article 51, arbitrators are required to submit a draft award to the CIETAC for review before finalizing the award. The purpose of this scrutiny mechanism is to ensure the quality of arbitral awards.
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