Rendering the arbitral award means to terminate the arbitral proceedings. This is not the single meaning of the concept „rendering the arbitral award”.
Let’s take into acount the perspective of the lawyers/legal counselors. Such renderingmeans winning the case or loosing the case.
Let’s take into account the perspective of the scholars. Such rendering means an another reason to find the answer to the following question: „Quo vadis arbitration ?”.
Let’s take into account the perspective of the arbitrator. Such rendering means an another reason to ask himself: „Did I served in full accordance with the cultural/pragmatic peculiriaties of such alluring method for solving the disputes ?”.
Irrespective of the perspectives mentioned above, rendering the arbitral award means… to open your mind to the new trends of business life.
* editorial Romanian Arbitration Journal no. 4/2012
Radu Bogdan BOBEI, Ph.D.