The arbitral award concludes the proceedings, but the law regulates an entire framework around it — from the time limit for rendering it to the requirements of signature and reasoning. The Law of Georgia on Arbitration governs this field through five provisions: Article 37 — decision-making by a multi-member tribunal, Article 38 — settlement between the parties, Article 39 — the content and time limit of the award, Article 40 — termination of the proceedings without an award, and Article 41 — correction, interpretation and additional award.
Decision-Making by a Multi-Member Tribunal and Voting
Under Article 37, a tribunal composed of several arbitrators renders its decision by a simple majority of votes, unless otherwise agreed by the parties. An arbitrator has no right to abstain from voting — abstention is excluded. Procedural questions connected with the rendering of the decision may be decided by the presiding arbitrator where authorised by the parties or by all the arbitrators.