An Award is the final decision made by an arbitrator or arbitration panel that resolves a dispute between parties outside of traditional court. Think of it like a judge's ruling, but in a private setting. When you see this term in resumes or job descriptions, it refers to either writing these decisions (for arbitrators) or helping to enforce them (for lawyers and legal professionals). It's similar to a court judgment but typically faster and less formal. The term might appear as "arbitration award," "arbitral award," or simply "award" in legal documents and job descriptions.
Drafted and reviewed Award documents for international commercial disputes
Successfully enforced multiple Arbitral Awards across different jurisdictions
Assisted in the preparation of Arbitration Awards worth over $10M
Typical job title: "Arbitration Lawyers"
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Q: How do you handle challenges in enforcing international arbitration awards?
Expected Answer: A senior professional should discuss understanding of the New York Convention, different jurisdictional requirements, and practical experience with enforcement strategies in various countries.
Q: What factors do you consider when drafting an arbitration award?
Expected Answer: Should explain the importance of clear reasoning, addressing all claims, ensuring enforceability, and following applicable laws and arbitration rules.
Q: What are the key differences between a court judgment and an arbitration award?
Expected Answer: Should explain confidentiality aspects, enforcement procedures, flexibility in procedure, and finality of awards versus court appeals.
Q: How do you ensure an arbitration award is enforceable?
Expected Answer: Should discuss following proper procedures, documenting everything clearly, considering jurisdictional requirements, and ensuring compliance with applicable laws.
Q: What are the basic components of an arbitration award?
Expected Answer: Should mention parties' names, dispute description, findings of fact, legal reasoning, and final decision/award amount.
Q: What is the difference between a partial and final award?
Expected Answer: Should explain that partial awards resolve some but not all issues, while final awards conclude the entire arbitration process.