Section 33 of ACA : Section 33: Correction And Interpretation Of Award; Additional Award

Explanation using Example

Imagine a scenario where two businesses, Company A and Company B, are involved in a contract dispute over the delivery of goods. They have chosen to resolve their dispute through arbitration. The arbitral tribunal issues an arbitral award in favor of Company A, awarding them a sum of money for the breach of contract by Company B.

Upon receiving the award, Company A notices that there is a clerical error in the calculation of the damages awarded. The error resulted in a lower sum than what was actual...

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