Article 2329. Ruling in the case of annulment of the arbitral award

Based on the results of the consideration of the case on the cancellation of the arbitration award, the economic court issues a ruling according to the rules provided for by this Code for making a decision.

The ruling of the economic court on the cancellation of the arbitration award or on the refusal to cancel the arbitration award must also contain:

1) information about the arbitration award being appealed and the place of its adoption;

2) information on the name and composition of the arbitration court that adopted the appealed award;

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

4) an indication of the annulment of the arbitral award in whole or in part or the refusal to satisfy the applicant's claim in whole or in part.

The cancellation of the arbitration award does not prevent the parties to the arbitration proceedings in accordance with the arbitration agreement from applying to arbitration again, if the possibility of applying to arbitration has not been lost, or to apply to the economic court according to the general rules provided for by this Code.

If the arbitration award is annulled by the economic court in whole or in part due to the invalidity of the arbitration agreement, or the decision was made on a dispute not provided for by the arbitration agreement, or does not fall under its terms, or contains conclusions on issues not covered by the arbitration agreement, the parties to the arbitration proceedings may apply for resolution of such dispute to the economic court on the general rules provided for by this Code.

The ruling of the economic court in the case of canceling an arbitration award may be appealed (protested) in the manner established by this Code.