In a general procedure case, the arbitral tribunal shall render an arbitral award within 6 months (in foreign-related cases) or 4 months (in domestic cases) from the date on which the arbitral tribunal is formed. In a summary procedure case, the arbitral tribunal shall make an award within 3 months from the date on which the arbitral tribunal is formed. At the request of the arbitral tribunal and with the approval of the Secretary-General of the CIETAC, the time period of rendering an arbitral award may be extended.
According to the CIETAC Arbitration Rules, the arbitral tribunal shall submit its draft arbitral award to the CIETAC for scrutiny before signing it and the CIETAC may remind the tribunal of issues in the award on the condition that the tribunal’s independence in rendering the award is not affected. The scrutiny of arbitral awards may assist in ensuring high quality of CIETAC arbitration and the enforceability of its arbitral awards.
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 lawsuit before a court of law on the same dispute resolved by the previous arbitration or make a request to any other organization for revising the arbitral award.