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How Final is the Final Award in Arbitration?
Finality may be defined as the quality or condition of being final, settled, resolved or complete. In arbitration, is the final award the end of the road for the disputing parties ? Section 73 of the Arbitration Ordinance, Cap 609 (“AO”) states that generally “an award … is final and binding both on the parties” etc. Generally, there is no right of appeal against an award on point of law under the AO. That said, Section 81 of the AO (which gives effect to Article 34 of the UNC...