DRA-3.1.29
(a) An award shall:
(i) Give reasons for the decision;
(ii) Be signed by the Arbitration Committee; and
(iii) Contain the date on which and the place where it was made;
(b) In addition to making a final award, the Arbitration Committee has the power to make interim, interlocutory or partial awards during the course of an arbitration;
(c) An award made by the Arbitration Committee under this section shall be sent to the parties and lodged with the Arbitration Cell for filing;
(d) The CBB:
(i) Shall be notified by the Arbitration Cell of any award made in respect of a CMSP; and
(ii) May make use of any findings made by an Arbitration Committee for the purposes of performing its functions under the CBB Law including, but without limitation, assessing whether the CMSP is a fit and proper person to be so licensed; and
(f) An award made by the Arbitration Committee is final and binding on the parties.
July 2010
