Illinois § 25-30 Correction or interpretation of award; additional award

Illinois Statutes

§ 25-30 — Correction or interpretation of award; additional award

Illinois·Topic RIGHTS AND REMEDIES·Ch. 710 ALTERNATIVE DISPUTE RESOLUTION·Act 710 ILCS 30/ International Commercial Arbitration Act.·Art. Article 25 - Making Of Award And Termination Of Proceedings

(a)Within 30 days of receipt of the award, unless the parties agree to another period of time:

(1)A party, with notice to the other party, may request the arbitral tribunal to correct in the award any error in computation, any clerical or typographical errors, or any errors of similar nature.

(2)If so agreed by the parties, a party, with notice to the other party, may request the arbitral tribunal to give an interpretation of a specific point or part of the award. If the arbitral tribunal considers the request to be justified, it shall make the correction or give the interpretation within 30 days of receipt of the request. The interpretation shall form part of the award.

(b)The arbitral tribunal may correct any error of the type referred to in subdivision (1) of subsection (a) of this

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(a) Within 30 days of receipt of the award, unless the parties agree to another period of time: (1) A party, with notice to the other party, may request the arbitral tribunal to correct in the award any error in computation, any clerical or typographical errors, or any errors of similar nature. (2) If so agreed by the parties, a party, with notice to the other party, may request the arbitral tribunal to give an interpretation of a specific point or part of the award. If the arbitral tribunal considers the request to be justified, it shall make the correction or give the interpretation within 30 days of receipt of the request. The interpretation shall form part of the award. (b) The arbitral tribunal may correct any error of the type referred to in subdivision (1) of subsection (a) of this Section on its own initiative within 30 days of the day of the award. (c) Unless otherwise agreed to by the parties, a party, with notice to the other party, may, within 30 days of receipt of the award, request the arbitral tribunal to make an additional award as to claims presented in the arbitral proceedings but omitted from the award. If the arbitral tribunal considers the request to be justified, it shall make the additional award within 60 days after the date of receipt of the request. (d) The arbitral tribunal may extend, if necessary, the period of time within which it shall make a correction, interpretation, or an additional award under subsections (a) or (c) of this Section. (e) The provisions of Section 25-20 of this Act shall apply to a correction or interpretation of the award or to an additional award made under this Section.

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