Interpretation, Correction and Revision, Supplementary Decisions, Recognition and Enforement of Arbitration’s Award Under Iran’s Law and UNCITRAL Arbitration Rules

Since Arbitration is one of the most efficient and modern ways to settle a dispute, particularly those of commercial lawsuits, in view of the fact that our country is considered consumer and developing, it seems essential that jurists must become familiar with laws and regulations of arbitration. This was not an area under discussion by researchers; in fact, one would say there is almost no independent study for arbitration here. This article has a descriptive-analytical approach using library method to examine the questions. The findings in this research show International Commercial Arbitration Bill follows the Model Commercial Arbitration Bill; it forms rules about interpretation, correction, revision, recognition and enforcement of arbitration’s award which is the innovations of new law. Arbitration’s award has different aspects; one is interpretation, correction and revision, supplementary decisions, recognition and enforcement of an award. Exploring the issue may raise some questions; what would be the referring text for interpretation, correction and revision, supplementary decisions, recognition and enforcement of arbitration’s award under Iran’s law and UNCITRAL arbitration rules? What qualification would be needed to be met for that? What approach would be the approach of arbitration’s award under Iran’s law and UNCITRAL arbitration rules? How would be the recognition and enforcement of an award under Iran’s law and UNCITRAL arbitration rules? This article tries to analyze and answer these questions and some more.