CHAPTER VII

AWARD

Article 48. Arbitral Award

(1) The award shall be rendered promptly unless otherwise agreed by the parties or specified by law, not later than 30 days from the date of closing the hearings.
(2) Where the Tribunal is composed of more than one arbitrator and less than a majority of arbitrators refuse to partake in the arbitration decision or do not participate in the arbitration decision without just cause, the award shall be made by the remaining majority of arbitrators.
(3) The Secretariat may, without affecting the arbitral award, present to the Tribunal its opinions on the form of the arbitral award.