Arbitration Award - Damages and Other Remedies

Damages and Other Remedies

Although arbitration awards are characteristically an award of damages against a party, tribunals usually have a range of remedies that can form a part of the award.

1. the tribunal may order the payment of a sum of money (conventional damages)
2. the tribunal may make a "declaration" as to any matter to be determined in the proceedings
3. in most jurisdictions, the tribunal has the same power as a court to:
   1. order a party to do or refrain from doing something ("injunctive relief")
   2. to order specific performance of a contract
   3. to order the rectification, setting aside or cancellation of a deed or other document.