Chapter 14 Flashcards
What distinguishes an award from an order?
What types of awards can be made by an arbitrator? When would each of these types be desirable?
What matters must be included in a final award? If not so included, to what extent can an arbitrator rectify the omission?
What kind of mistakes or errors in an award can be corrected by the arbitrator?
Why are the Model Law requirements for an award so important?
What are the criteria for a final award? What matters can make a final award defective?
When can an arbitrator make an additional award? When might such an award be needed?
What mistakes or errors in an award can be corrected by the arbitrator?
Can an award be corrected? To what extent can the correction be made?
What are reasons? What is the result if a final or a partial award lacks reasons?
Examination-style questions
* When, under the Model Law, does an arbitrator become functus officio?
- In a final award, an arbitrator has awarded to the claimant interest on $280,000 to run from 15 May 2002. She has omitted to state either the rate of interest or whether it is simple or compound interest. Advise the
claimant.