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Results: 4 Answers
International Arbitration
12.
Award
12.1
What procedural and substantive requirements must be met by an award?
 
Slovakia
The arbitral tribunal shall issue its award either by deciding on the merits or based on a settlement reached by the parties. The arbitral tribunal may decide on costs in a separate award, after it has rendered the final award.

The award must be made in writing. The Arbitration Act provides that the award must state the following:

  • identification of the arbitral tribunal;
  • names and surnames of the arbitrators;
  • identification of the parties and their representatives, by their names and surnames or business names (as appropriate), or by their designations;
  • the place of arbitration;
  • the date of the award;
  • the decision;
  • the reasons on which the decision is based, unless the parties have agreed that no reasons are to be given or the award is an award on agreed terms; and
  • advice that a petition to set aside the award can be filed with a court.
For more information about this answer please contact: Michal Lučivjanský from Schoenherr Attorneys at Law
12.2
Must the award be produced within a certain timeframe?
 
Slovakia
The Arbitration Act does not specify a timeframe within which the award must be produced.

For more information about this answer please contact: Michal Lučivjanský from Schoenherr Attorneys at Law