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Results: 4 Answers
International Arbitration
12.
Award
12.1
What procedural and substantive requirements must be met by an award?
 
Macedonia
The arbitral award shall:

  • be made in writing;
  • be signed by the sole arbitrator or by the members of the tribunal (in the latter case, the award should be signed by at least the majority of all members, provided that the reasons for any omissions are stated);
  • state the date and the place of arbitration; and
  • state the reasons upon which it is based, unless the parties have agreed that no reasons are to be given or the award is rendered based on a settlement (Article 31).
For more information about this answer please contact: Slaven Moravčević from Schoenherr Attorneys at Law
12.2
Must the award be produced within a certain timeframe?
 
Macedonia
The Arbitration Act does not specify a timeframe for producing the award.

For more information about this answer please contact: Slaven Moravčević from Schoenherr Attorneys at Law