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Schiedsspruch

arbitral award; arbitration decision

noun SHEETS-shprookh Rare

Usage Note

Schiedsspruch is a binding decision issued by an arbitration tribunal (Schiedsgericht) to resolve a commercial dispute outside state courts. It has the same enforceability as a court judgment once recognised.

Examples

"Der Schiedsspruch verpflichtete das Unternehmen zur Zahlung von Schadensersatz."

Natural Translation

The arbitral award obligated the company to pay damages.

Literal Translation

The arbitral-award obligated the company to-the payment of damages.

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