SPAIN Law and Practice Contributed by: Daniel Jiménez García, SLJ Abogados
Effect of the Award Once rendered, the award has res judicata effect between the parties under Article 43 of the Arbitration Act. It does not bind third parties who were not joined to the arbitration, and, as a general rule, it cannot be enforced against a person who was not a party to the proceedings. Assignment of Award Rights It is possible to assign the rights under an award to a third party.
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