Comparative Guides
Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.
Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.
Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.
Results: 4 Answers
International Arbitration
12.
Award
12.1
What procedural and substantive requirements must be met by an award?
 
Serbia
In order to be valid and enforceable, an arbitral award must:

  • be issued in writing (Article 51(1));
  • be signed by all arbitrators (Article 51(1));
  • indicate a date and place of issuance (Article 53(2)); and
  • contain an introduction, an operative part, a decision on costs and the reasoning, unless the parties have excluded this in the arbitration agreement (Article 53(1)). An award by consent need not include the reasoning (Article 54).

Where there is more than one arbitrator, the award will be valid if signed by the majority, provided that the arbitrators give the reason for the missing signature (Article 51(4)).

For more information about this answer please contact: Jelena Bezarević Pajić from Schoenherr Attorneys at Law
12.2
Must the award be produced within a certain timeframe?
 
Serbia
The Arbitration Act does not specify a time limit for the arbitral tribunal to render an award.

For more information about this answer please contact: Jelena Bezarević Pajić from Schoenherr Attorneys at Law