What does the Arbitration Act state regarding arbitral awards?

The statement indicating that arbitral awards can be explained within 30 days of the decision reflects the provisions often found in arbitration legislation, such as the Arbitration Act. This allowance is designed to facilitate clarity regarding the decision made by the arbitral tribunal. The possibility to request an explanation supports the parties' understanding of the award and helps address any ambiguities or points of confusion that might arise from the award itself.

This procedural aspect is important because it underscores the arbitral process's emphasis on ensuring that all parties have a clear understanding of the outcomes, potentially reducing future disputes or misunderstandings about the award's application or implications.

In contrast, the other options do not align with the common provisions of arbitration legislation. For instance, suggesting that arbitral awards are final and cannot be questioned overlooks the established mechanisms that allow parties to seek clarifications or challenge certain aspects of an award under specific circumstances. The idea that awards must be published publicly does not reflect the confidential nature often associated with arbitration, where parties may choose to keep the proceedings and results private. Lastly, the notion that arbitral awards are only valid for one year does not accurately represent how awards operate; they are typically binding unless successfully challenged based on specific statutory grounds.