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What requirements may apply to the delivery of an arbitration award?
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Arbitration
Members of the Permanent Court of Arbitration.
In the context of arbitration, the requirements for the delivery of an award are not universally fixed but are instead dictated by specific legal frameworks.
The arbitrator must comply with the requirements set forth by the statutory law of the relevant country and the specific rules established by the agency administering the commercial arbitration. These regulations typically include mandatory provisions regarding the following aspects of the award:
- Form: The specific structure or format the document must take.
- Certification: Requirements for verifying the authenticity of the award.
- Notification: The process by which the parties are formally informed of the decision.
- Delivery: The procedures for the official transmission of the award to the involved parties.
Generally, an award is considered valid and binding when rendered by a majority of the arbitrators, unless the parties have explicitly agreed to require a unanimous decision.1