Official Code of Georgia Annotated

Title 9. CIVIL PRACTICE · Chapter 9. ARBITRATION · Article 1. GENERAL PROVISIONS · Part 2. INTERNATIONAL COMMERCIAL ARBITRATION CODE

9-9-53. Arbitration award.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
An arbitration award shall be made in writing and shall be signed by the arbitrator or arbitrators. In arbitral proceedings with more than one arbitrator, the signatures of the majority of all members of the arbitration tribunal shall suffice, provided that the reason for any omitted signature is stated.#
(b)
The arbitration award shall state the reasons upon which it is based, unless the parties have agreed that no reasons are to be given or the arbitration award is an arbitration award on agreed terms pursuant to Code Section 9-9-52.#
(c)
The arbitration award shall state its date and the place of arbitration as determined in accordance with subsection (a) of Code Section 9-9-42. The arbitration award shall be deemed to have been made at that place.#
(d)
After the arbitration award is made, a copy signed by the arbitrators in accordance with subsection (a) of this Code section shall be delivered to each party.#
(e)
The arbitrators may award reasonable fees and expenses actually incurred, including, without limitation, fees and expenses of legal counsel, to any party to the arbitration and shall allocate the costs of the arbitration among the parties as it determines appropriate.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 9-9-53, enacted by Ga. L. 2012, p. 961, § 1/SB 383.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t9-ch1-10-(v6)-2023-pdf.pdf, Volume V6, 2023 edition, page 677; merge action: carried; file SHA-256 ea8a520ad52f.

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