Nationality of Arbitral Awards



It is a definite international rule that arbitral awards have nationality, although realization of stateless awards, if their requirements are met, is also possible. The nationality of arbitral awards is distinguished by some criteria among which, the most accepted ones are the Seat and the Applicable Procedural Law. The most significant implications of the nationality of arbitral awards may be outlined as follows: universal situation of arbitral awards with regard to the situation of arbitral awards in the country of origin, especially in terms of its validity and enforceability, and application of determining competent courts to judicial patronage of arbitration process and judicial supervision on arbitration and arbitral awards as well as determining national law of arbitration.