Article 232. Ruling on the case on issuance of a writ of execution for enforcement of the award of a court of arbitration

The economic court shall make a ruling based on the results of consideration of the case on issuance of a writ of execution for enforcement of the award of the court of arbitration, in accordance with the rules established by this Code for adoption of awards.

The ruling of the economic court on issuance of a writ of execution for enforcement of the award of the court of arbitration or on refusal thereof shall also specify:

1) name and composition of the court of arbitration, which has adopted the award;

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

3) data about the award of the court of arbitration for the issuance of a writ of execution for enforcement of which the complainant is petitioning;

4) an instruction to issue a writ of execution or to refuse to issue a writ of execution for the enforcement of the decision of the arbitral tribunal.

Refusal to issue a writ of execution for enforcement of the award of the court of arbitration shall not preclude a repeated appeal by the parties to the arbitration proceedings, in accordance with the arbitration agreement, to the court of arbitration, if the opportunity of such appeal is not lost, or to the economic court according to the rules established by this Code.

If the issuance of a writ of execution for enforcement of the award of the court of arbitration, in whole or in part, has been refused by the economic court 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 or, if the dispute cannot be a subject to an arbitration proceedings, the parties of the arbitration proceedings may apply for settling the dispute to the economic court, according to the rules established by this Code.

A ruling of the economic court on issuance of a writ of execution for enforcement of the award of a court of arbitration shall be complied with immediately.

A ruling of the economic court adopted in accordance with part one of this article may be appealed against (protested) in accordance with the procedure established by this Code.