Business Studies · UNCITRAL Model Law on Commercial Arbitration
Which of the following statements regarding an arbitral award under the UNCITRAL Model Law on International Commercial Arbitration is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Arbitral awards must state the date and place of arbitration
- 2Arbitral awards must state the reasons upon which they are based, unless agreed otherwise
- 3Arbitral awards must be in writing and signed by the arbitrator(s)
- 4Arbitral awards may be made orally✓
Correct answer
Arbitral awards may be made orally
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