8.01 As mentioned above, an arbitral award is intended to be a final and binding resolution of a dispute. Under Swedish law, an arbitral award is final and binding on the merits as of the moment when it is rendered by the arbitrators. This fact notwithstanding, most legal systems seek to exercise some degree of control over arbitrations conducted in their territories. This control focuses on procedural aspects of the arbitration with a view to ensuring a minimum standard of objectivity, fairness, and justice. Control is usually exercised by means of a challenge...
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