WebAn arbitral tribunal or arbitration tribunal, also arbitration commission, arbitration committee or arbitration council is a panel of unbiased adjudicators which is convened and sits to resolve a dispute by way of … Web24 nov 2024 · Arbitration has become the preferred option for dispute resolution in cross-border commercial transactions in Africa. Many African countries, including Kenya, have signed and ratified the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. This article provides a detailed analysis of the challenges that …
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WebTools. An arbitration award (or arbitral award) is a determination on the merits by an arbitration tribunal in an arbitration, and is analogous to a judgment in a court of law. It is referred to as an 'award' even where all of the claimant's claims fail (and thus no money needs to be paid by either party), or the award is of a non-monetary nature. WebSome arbitration institutions, such as the ICC, request the parties to comply with the award without delay. In this sense, Article 28(6) of the ICC Rules of Arbitration6 reads: “Every award shall be binding on the parties. By submitting the dispute to arbitration under these Rules, the parties undertake to carry out any Award jindal factory in west bengal
Enforcement of Foreign Arbitral Awards in Ireland Dillon …
Web8 giu 2024 · Parties have only very limited means of recourse to challenge awards. Nevertheless, an unsuccessful party may choose not to comply with an award and instead to challenge the outcome. In those circumstances, the losing party may: seek to have the award set aside before the courts of the seat of arbitration; [2] or. Web18 other terms for arbitration award - words and phrases with similar meaning. Lists. synonyms. antonyms. definitions. Web6 nov 2024 · Procedure. The enforcement process for foreign arbitral awards in the Irish Courts is the same as for domestic awards and is provided for by Section 23 of the Act and Order 56 rule 3 (1) of the Rules of the Superior Courts ( Order 56 ). “….any application or request to the Court for any of the following orders or reliefs by any party to a ... instantly testing site