ARBITRATION AND TOURISM: A FIELD TO EXPLORE ix. The Arbitral Tribunal shall then summon the parties to draw up and sign the Minutes which shall include, amongst other matters, the full identification of the parties, the location of the Arbitral Tribunal, a summary of the claim and defence, and specific aspects relating to the arbitration proceedings; x. The proceedings shall continue with the presentation and production of evidence, followed by the necessary discussion of the case; xi. The Arbitration Tribunal shall make the final award, which shall be notified to the parties; xii. They may also ask the Court for formal corrections or for help in interpreting the final judgment; xiii. There is no appeal from the final award, but an action for annulment is admissible under the arbitration law of the seat of the Arbitral Tribunal. 2.9 UNCITRAL Model Law UNCITRAL (United Nations Commission on International Trade Law), is a United Nations agency specialising in international trade law, which has been created on the 17th December 1966 with the avowed aim of reducing disparities between the various commercial legal systems. These disparities have always been seen as obstacles to international trade and it was therefore important to minimise their impact. As we shall see, this problem greatly affects tourism, especially international tourism, which pits different states and different legal systems against each other. The Model Law on international arbitration, approved by UNCITRAL, was perhaps the most relevant legal instrument in the history of this agency, along with the arbitration rules known as the “UNCITRAL rules”, which are expressly applied in multiple institutional arbitration tribunals around the world. This Model Law, as the name indicates, was intended to “inspire” the various countries when creating their own arbitration laws, which has been happening at an accelerated rate. The 2011 Portuguese Law is a clear example of this, having often translated the articles contained in the Model Law. Although the rules of international arbitration law are transnational in nature, the truth is that the rules that give them content usually come from national state sources. 2.10 Advantages and disadvantages of arbitration At this point, it is important to identify, albeit briefly, the main advantages and disadvantages of arbitration. While it is true that economic agents in countries
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