CS Professional · Arbitration, Mediation and Conciliation · Emerging Aspects: Fast Track and Virtual Arbitration
Under a fast track agreement, the arbitral tribunal enters upon the reference on 1 March. By which date must the award normally be made under Section 29B?
The award must be made by 31 August. Section 29B(4) fixes a period of six months from the date the arbitral tribunal enters upon the reference, so a reference entered on 1 March runs out at the end of August of that year.
- A30 June of the same year
- B31 August of the same yearCorrect
- C31 December of the same year
- D1 March of the next year
Explanation
Section 29B(4) requires the award within six months from the date the tribunal enters upon the reference. Six months from 1 March ends on 31 August. Twelve months would be the period for ordinary arbitration, which is not applicable here.
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