Different Types of Awards in International Commercial Arbitration with an Emphasis on Iranian Law

There are different types of awards in international commercial arbitration and the arbitral tribunal may issue a variety of awards concerning different issues. The arbitral tribunal's authority to issue different types of awards has been explicitly provided for in certain laws. The fact that there are different types of awards may be implied from the International Commercial Arbitration Act of Iran. The most important awards are final, partial and interim awards cited by almost all international instruments. Another category of awards, including default, declaratory and constitutive awards are among those not been referred to in any arbitration rules and laws. In Iranian law, the International Commercial Arbitration Act, contrary to provisions concerning national arbitration, contains distinctive and comprehensive provisions concerning interpretative and supplementary awards. In this analytical-descriptive article, the authors have tried to study different types of awards and put forward some suggestions to amend the Iranian Act.