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Awards
The arbitral tribunal shall independently and impartially render its arbitral award on the basis of the facts, in accordance with the law and the terms of the contracts, with reference to international practices and in compliance with the principle of fairness and reasonableness. The arbitral award shall be decided by the majority of the tribunal. The date on which the arbitral award is made is the date on which the arbitral award comes into effect. The arbitral award is final and binding upon both parties. Neither party may bring a suit before a court of law or make a request to any other organization for revising the arbitral award.
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