Section 49 Arbitration and Mediation Act

Section 49 Arbitration and Mediation Act 2023 is about Correction and interpretation of award and additional award. It is under Part I (Arbitration) of the Act.

(1) Unless another period has been agreed upon by the parties, a party may, within 30 days of the receipt of an award and with notice to the other party, request the arbitral tribunal

(a) to correct in the award any error in computation, clerical or typographical errors or errors of a similar nature; or
(b) where it is agreed by the parties, to give an interpretation of a specific point or part of the award.

(2) Where the arbitral tribunal considers a request made under subsection (1) to be justified, it shall, within 30 days of receipt of the request, make the correction or give the interpretation, and such correction or interpretation shall form part of the award.

(3) The arbitral tribunal may, on its own volition and within 30 days from the date of the award, correct an error of the type referred to in subsection (1) ( a).

(4) Unless otherwise agreed to by the parties, a party may within 30 days of receipt of the award, request the arbitral tribunal to make an additional award as to the claims presented in the arbitral proceedings but omitted from the award.

(5) Where the arbitral tribunal considers a request made under subsection ( 4) to be justified, it shall, within 60 days of the receipt of the request, make the additional award.

(6) The arbitral tribunal may, if it considers it necessary, extend the time limit within which it shall make a correction, give an interpretation or make an additional award under subsection (2) or (5).

(7) The provisions of section 4 7 of this Act applies to any correction or interpretation or to an additional award made under this section.