Comparative Guides
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Results: 4 Answers
International Arbitration
12.
Award
12.1
What procedural and substantive requirements must be met by an award?
 
Austria
Pursuant to Section 606(1) of the Austrian Code of Civil Procedure, an arbitral award must be in writing and must be signed by all arbitrators. Section 606(2) further provides that the award must state its date and the place where it was made. Moreover, the award must state the names of the members of the tribunal and indicate the parties. It must contain an operative part - that is, clearly determined relief. Also, and unless otherwise agreed by the parties, the award shall state the reasons for the decision.

For more information about this answer please contact: Leon Kopecký from Schoenherr Attorneys at Law
12.2
Must the award be produced within a certain timeframe?
 
Austria
Austrian arbitration law does not specify a time limit for rendering an award.

For more information about this answer please contact: Leon Kopecký from Schoenherr Attorneys at Law