Arbitral awards—types, requirements and effect

Produced in partnership with Farrer & Co

Practice notes

Arbitral awards—types, requirements and effect

Produced in partnership with Farrer & Co

Practice notes

Note: some of the guidance in this Practice Note was developed from content originally produced in partnership with CMS.

This Practice Note considers the different types of arbitration awards and their requirements where the seat of the arbitration is, England, Wales or Northern Ireland and the Arbitration Act 1996 (AA 1996) governs the arbitration.

Types of arbitral award

In arbitration proceedings, an award is a formal document setting out an arbitral tribunal’s decision.

There are two basic types of award in English law:

•
a final award (finally disposing of some or all issues in dispute)—see: Requirements of an award
•
a provisional award dealing with issues pending a final award (eg an order for a payment of money between the parties, disposition of property between the parties or an interim payment on account of costs) pursuant to AA 1996, s 39—see Practice Note: AA 1996—provisional awards

Unless the parties otherwise agree, all awards will be treated as final—see AA 1996, s 58(1). The arbitrators will not, therefore, have the power to issue provisional awards

Jurisdiction(s):

United Kingdom

Key definition:

Requirements definition

What does Requirements mean?

A DCO should include “Requirements” to which the development authorised by the DCO is to be subject. Similar to planning conditions, a requirement specifies the matters for which detailed approval needs to be obtained before the development can be lawfully begin.

��Ƶ