By Yasmine EDDAM
4 April 2025
The arbitration procedure is drawing to a close, the arguments have been exchanged, the evidence administered and the arbitral tribunal has made its decision: the award. This is the culmination of the process you chose to settle your commercial dispute. But what exactly is the scope of this decision? Does it apply immediately? What if the opposing party refuses to comply? And, just as importantly, is it possible to challenge an arbitration award if you believe it to be incorrect or unfair? This article looks at the nature of arbitration awards, how they are enforced, and explores the remedies available to challenge them, which are often more limited than in the case of a conventional judgment. What is an arbitration award? It is essential to understand that an arbitration award is not simply an opinion or a recommendation. Despite its private origin (it is made by judges...
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