Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Award definition

What does Award mean? In arbitration practice, an award is the arbitral tribunal’s written decision that determines the parties’ claims, defences and the relief granted. Legislation governs its effect and form in England & Wales and Northern Ireland (Arbitration Act 1996), Scotland (Arbitration (Scotland) Act 2010) and Ireland (Arbitration Act 2010 implementing the UNCITRAL Model Law). Key features commonly include: writing, signatures, the date, identification of the seat, and reasons unless the parties agree otherwise. An award is generally final and binding as to the matters decided, subject only to limited statutory challenges (for example, lack of jurisdiction, serious irregularity, and in England...

Security pending challenges to arbitral awards under s 70(7) AA 1996: principles, thresholds and case law on ss 67, 68 and 69 (England and Wales)

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Practice notes

Challenges and Appeals for error of law against arbitral Awards to the court under sections 67, 68 and 69 of the Arbitration Act 1996 (AA 1996)

Such proceedings can markedly slow down enforcement and, at times, jeopardise an award creditor’s prospects of recovering on the award, by prolonging the process and creating hurdles to collection. Indeed, some losing parties may invoke AA 1996, ss 67–69 precisely to achieve that outcome. Such tactics obstruct swift realisation of the award and delay payment. Accordingly, the English and Welsh court’s ability to require security equal to the award (AA 1996, s 70(7)) and security for costs (AA 1996, s 70(6)) for any challenge or appeal are vital measures every respondent ought to evaluate. When used in the right circumstances, the s 70 security regime can spare parties significant time and expense. This Practice Note addresses the English court’s power to compel security matching the award. For guidance on the court’s power to order security for costs in relation to a challenge to or appeal against an arbitral award, see Practice Note: AA 1996—security for costs—the courts (s 70(6))...

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Web page updated on 21/05/2026

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