FAI ExpArb FAI Expedited Arbitration Rules 2024
FAI ExpArb
FAI Expedited Arbitration Rules 2024
45.1 Within 30 days from the date of receipt of the award, a party may, with notice to the other parties and the Institute, request that the sole arbitrator:
(a) correct any clerical, typographical or computational error in the award;
(b) correct an omission to state in the award the seat of arbitration or the date on which the award was made, or an omission of the sole arbitrator to sign the award; or
(c) provide an interpretation of a specific point or part of the award.
45.2 The sole arbitrator shall give the other parties an opportunity to submit comments on the request within the time limit set by the sole arbitrator.
45.3 If the sole arbitrator considers the request justified, the sole arbitrator shall make the correction or provide the interpretation within 30 days from the date of receipt of the request. The Institute may extend this time limit upon a reasoned request of the sole arbitrator or, if deemed necessary, on its own motion.
45.4 The sole arbitrator may correct any error of the type referred to in Article 45.1(a)–(b) on its own motion within 30 days of the date of an award.
45.5 The provisions of Article 41 shall apply to any correction or interpretation of an award.
45.6 The provisions on correction and interpretation of an award shall also apply to an order for the termination of the proceedings.
Import: