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Results: 4 Answers
International Arbitration
12.
Award
12.1
What procedural and substantive requirements must be met by an award?
 
Montenegro
The tribunal will resolve all of the parties’ requests in the award. The tribunal may render a partial award, as noted above.

The arbitral award shall:

  • be made in writing;
  • be signed by the members of the tribunal or the sole arbitrator. In case of a tribunal, the signatures of a majority of members will suffice, provided that reasons are stated for the omission of any signature;
  • be reasoned, unless otherwise agreed by the parties; and
  • state the date and place of the award, as well as whether the award is based on the parties’ settlement (Article 43)..
For more information about this answer please contact: Tanja Šumar from Schoenherr Attorneys at Law
12.2
Must the award be produced within a certain timeframe?
 
Montenegro
There is no timeframe prescribed by the Arbitration Act within which the award must be made.

For more information about this answer please contact: Tanja Šumar from Schoenherr Attorneys at Law