Originally from Chamber of Arbitration of Milan Rules: A Commentary

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ARTICLE 30 - DELIBERATION, FORM AND CONTENTS OF THE AWARD

1. The award shall be deliberated with the participation of all the members of the Arbitral Tribunal and may be by majority decision. In the latter case, the award shall state that it was deliberated with the participation of all the arbitrators and shall state the reason for the missing signature.

2. The award shall be in writing and shall indicate:
a. the arbitrators, the parties and their counsel;
b. the arbitration agreement;
c. the seat of the arbitration;
d. the conclusions of the parties;
e. the reasons upon which the decision is based, even in summary;
f. the decision (dictum);
g. the decision on the allocation of the costs of the proceedings, with reference to the decision on the costs of the Arbitral Council, and on the legal costs of the parties;

3. Each signature shall indicate its date. The arbitrators may sign at different places and times.

4. The Secretariat shall indicate any non-compliance with the formal requirements under this Article to the arbitrators asking for an examination of the draft award before signing it.

1. General

Article 30 addresses the making of the award (Article 30(1)), its form and contents (Article 30(2)), the modalities for its signature (Article 30(3)), and the Secretariat’s pre-reading of the draft award to assure compliance with formal requirements (Article 30(4)).

An award is the decision by means of which the tribunal finally resolves either a particular claim or the entire dispute which is before it. As such, all types of arbitral awards (final, partial, interim) have significant legal effects, conferred by domestic law provisions, international arbitration conventions, institutional rules, or the arbitration clause itself. In order for the award to validly produce these consequences, it must satisfy certain important legal requirements set forth in the above provisions, as to form, content, deliberation and signature.