Originally from Post Award Issues: ASA Special Series No. 38

Preview Page

NOTE ON CORRECTION AND INTERPRETATION OF ARBITRAL AWARDS

In order to clarify ambiguities which have arisen in connection with applications for correction and interpretation of arbitral awards, the International Court of Arbitration of the ICC has decided that the following procedure shall apply:

Procedure

Article 29 of the 1998 ICC Rules provides:

"1. On its own initiative, the Arbitral Tribunal may correct a clerical, computational or typographical error, or any errors of similar nature contained in an Award, provided such correction is submitted for approval to the Court within 30 days of the date of such Award.