Answer ... 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).
Answer ... The Arbitration Act does not specify a timeframe for producing the award.