- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)A tribunal’s award is final and binding on the parties and any person claiming through or under them (but does not of itself bind any third party).
(2)In particular, an award ordering the rectification or reduction of a deed or other document is of no effect in so far as it would adversely affect the interests of any third party acting in good faith.
(3)This section does not affect the right of any person to challenge the award—
(a)under Part 8 of the Scottish Arbitration Rules, or
(b)by any available arbitral process of appeal or review.
(4)This section does not apply in relation to a provisional award (see rule 53), such an award not being final and being binding only—
(a)to the extent specified in the award, or
(b)until it is superseded by a subsequent award.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: