IESL Part III Practice Questions - IESL Qualifying Examination Part III (Institution Of Engineers, Sri Lanka) Exam

Under the Sri Lankan Arbitration Act No. 11 of 1995, an arbitral award is considered:

Merely advisory and subject to mandatory review by the District Court Final and binding on the parties, subject to limited grounds for setting aside Automatically void if one party objects within 14 days Enforceable only if approved by the IESL Council

Correct Answer:

Final and binding on the parties, subject to limited grounds for setting aside

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