London Maritime Arbitration
Page 303
CHAPTER 19
Arbitration awards
A. Introduction
19.1
There is no definition of an award in the 1996 Act, although section 52 identifies the formal requirements and section 58 describes an award as the final and binding decision of the tribunal made pursuant to an arbitration agreement.1 As a matter of substance an award is a decision finally disposing of a relevant matter in dispute.2