Mechanism of Cancelling International Arbitration Awards and Its Legal Consequences under Civil Law

Abstract

Arbitration means appropriate conciliation proceedings or arrangements to resolve disputes with the aim of reaching a certain final and binding outcome. The arbitral award is considered permanent because it is final and binding without appeal or cassation. There are two types of arbitral awards, namely national and international arbitral awards. Arbitration is an attempt to reverse the contents of an arbitral award in whole or in part. On that basis, this study aims to explain the mechanism for the revocation of an arbitral award and its legal consequences based on civil law.