The Rule of Reasoning the Arbitration Award

The Arbitration is one method of the Alternative Dispute Resolutions (ADR) with a quasi-judicial nature. The Foundations of this method are reduce the cost of resolving disputes, saving time and etc. The compliance with the objectives is subject to the quality of hearing and award in the arbitration process. The efficiency of arbitration is displayed in the award. The effective award is reasoned. The Iranian legislator approved this rule. Several questions will be asked about this rule: Is the concept of a reasoned arbitration award and a reasoned judicial judgment the same? Are there foundations of judicial judgment in arbitration award? What is the sanction of unreasoned arbitration award? What is the approach of the International Commercial Arbitration Rules?