Article 47. Form and content of an arbitral award

An arbitral award shall be made in writing and signed by the sole arbitrator or arbitrators. In arbitral proceedings conducted by more than one arbitrator, the signatures of a majority of all members of the arbitral court shall be sufficient, provided that the reason for absence of any signature is stated.

An arbitral award shall state the reasons upon which it is grounded, except where the parties have agreed that no reasons shall be given or where the arbitral award is a decision on agreed terms pursuant to Article 46 of the present Law.

The arbitral award shall specify its date and the place of arbitration as defined in accordance with part 1 of Article 35 of the present Law. The arbitral award shall be deemed to have been made at the place of arbitration.

Once an arbitral award is made, each party shall be served with a copy signed by the arbitrators in accordance with part 1 of this Article.