- Arbitral agreements
This chapter explores Article 30 of the ICDR Rules, which prescribes the basic requirements for the time, form, and effect of any ICDR arbitral award. The Article does not provide a comprehensive list of requirements for a valid award; rather, it prescribes certain general minimum standards, while also giving some deference to the potential application of the parties’ agreement and the specific demands of the law at the place of arbitration or where enforcement is sought. The text of Article 30 received a number of revisions during the 2014 amendments to the ICDR Rules. Many of these revisions were aimed at streamlining and internationalizing the language, but others incorporated existing ICDR practices such as review of the draft award by the ICDR or expanded the previous provisions such as establishing a deadline by which the award must be rendered.
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