Podcast
Questions and Answers
What is the minimum number of arbitrators required for any award or decision of the arbitral tribunal to be made by a majority?
What is the minimum number of arbitrators required for any award or decision of the arbitral tribunal to be made by a majority?
- One arbitrator
- Three arbitrators (correct)
- Four arbitrators
- Two arbitrators
In the case of questions of procedure, who may decide on his own if there is no majority or if authorized by the arbitral tribunal?
In the case of questions of procedure, who may decide on his own if there is no majority or if authorized by the arbitral tribunal?
- One of the parties
- All the arbitrators collectively
- The legal counsel of both parties
- The presiding arbitrator (correct)
What types of awards is the arbitral tribunal entitled to make in addition to a final award?
What types of awards is the arbitral tribunal entitled to make in addition to a final award?
- Only final awards
- Interim and final awards
- Final and partial awards
- Interim, interlocutory, or partial awards (correct)
According to Rule 32, what is the status of the award made by the arbitral tribunal?
According to Rule 32, what is the status of the award made by the arbitral tribunal?
When must an award provide for the payment of markup/interest on the awarded sum?
When must an award provide for the payment of markup/interest on the awarded sum?
When must reasons for an award be stated by the arbitral tribunal?
When must reasons for an award be stated by the arbitral tribunal?
How must an award be signed according to Rule 32?
How must an award be signed according to Rule 32?
Under what circumstances can an award be made public?
Under what circumstances can an award be made public?
What must an award state if one of three arbitrators fails to sign it?
What must an award state if one of three arbitrators fails to sign it?
What type of interest must be paid according to Rule 32?
What type of interest must be paid according to Rule 32?
