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Balancing fairness, efficiency under International Commercial Arbitration Act

Tuesday, March 13, 2018 @ 8:41 AM | By Alexander Moreno Gay

​​​​The new International Commercial Arbitration Act of Ontario contains a mechanism for the correction and interpretation of an award and provisions allowing the arbitral tribunal to make additional awards. The Act adopts the UNCITRAL Model Law which has also been adopted by a number of other foreign jurisdictions.

Article 33(3) of the Model Law, in particular, provides that a party may request, within 30 days of receipt of the award, that the arbitral tribunal make an additional award as to claims presented in the arbitral proceedings...