Article 227. Ruling on a case on cancellation of the award of a court of arbitration

The economic court shall issue a ruling based on the results of consideration of the case on cancellation of the award of the court of arbitration in accordance with the rules provided by this Code for adoption of an award.

A ruling of the economic court on cancellation of the award of the court of arbitration or on refusal to cancel the award of the court of arbitration shall also specify:

1) data about the award being challenged and on the place of its adoption;

2) data on the name and composition of the court of arbitration, which adopted the award being challenged;

3) names (surnames, own names, patronymics) of the parties of the arbitration proceedings;

4) indication to the cancellation of the award of the court of arbitration, in whole or in part, or to refusal to satisfy the demand of the complainant in whole or in part.

The cancellation of the award of the court of arbitration shall not preclude a repeated address to the court of arbitration by the parties of the arbitration proceedings, in accordance with the arbitration agreement, if a possibility of addressing to the court of arbitration is not lost, or to the economic court under general rules established by the present Code.

If the award of the court of arbitration has been cancelled by the economic court in full or in part because of invalidity of the arbitration agreement or if the award was adopted on the dispute which has not been provided for by the arbitration agreement or, if the award does not fall under conditions of the arbitration agreement, or if the award contains conclusions on the issues, which are not covered by the arbitration agreement, the parties of the arbitration proceedings may apply for settling the dispute to the economic court according to general rules established by this Code.

A ruling of the economic court on a cases on cancellation of the award of a court of arbitration may be appealed against (protested) under the procedure established by this Code.