FAI Arb FAI Arbitration Rules 2024
FAI Arb
FAI Arbitration Rules 2024
43.1 An award shall be made in writing. The arbitral tribunal shall state the reasons upon which the award is based, unless the parties have agreed that no reasons are to be given.
43.2 An award shall be signed by the arbitrators, and it shall specify the seat of arbitration and the date on which the award was made. Where there is more than one arbitrator and any of them fails to sign, the award shall state the reason for the absence of the signature.
43.3 The arbitral tribunal shall communicate an original copy of the award to each of the parties and the Institute without delay.
43.4 An award shall be final and binding on the parties. By agreeing to arbitration under the Rules, the parties undertake to carry out all awards without delay.
Source: FAI
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