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Recent Decisions by English Courts on Provisions Allowing for the Correction of Arbitration Awards
It is widely recognised that parties who are dissatisfied with arbitration awards will generally have very limited rights to challenge those awards. Indeed, the finality of arbitration awards is often one of the attractions of arbitration as a dispute resolution mechanism.
However, another (albeit limited) option that might be available to a party who considers that an award contains errors is to ask the tribunal that issued the award to correct or interpret the award, a procedure that is permitted under the rules of most arbitral institutions and the arbitration laws in many jurisdictions.