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Re: laranger post# 97671

Thursday, 03/10/2005 10:41:51 AM

Thursday, March 10, 2005 10:41:51 AM

Post# of 433021
laranger: ICC court review of the draft award is a normal procedure.

Scrutinizing arbitral awards

One of the most important functions of the Court is the scrutiny of arbitral awards. The ICC Rules provide that the Court must approve all awards as to their form and that the Court may also, without affecting the arbitrators' liberty of decision, draw their attention to points of substance. In ICC arbitration, scrutiny is a key element ensuring that arbitral awards are of the highest possible standards and thus less susceptible to annulment in the national courts than they might otherwise be. The scrutiny process provides the parties with an additional layer of protection that would not otherwise be available, since arbitral awards are generally not subject to appeal. This unique quality-control mechanism makes ICC arbitration the world's most reliable arbitration system.

 







       
     
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