Public Act 096-1476
 
HB5888 EnrolledLRB096 18807 AJO 35755 b


  
    AN ACT concerning civil law.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  
 
 
    Section 5. The Uniform Arbitration Act is amended  by 
changing Section 8 as follows:
 



    (710 ILCS 5/8)  (from Ch. 10, par. 108)



    Sec. 8. Award. 

    (a) The award shall be in writing and signed by the 
arbitrators joining
in the award. The arbitrators shall deliver 
a copy to each party personally
or by registered mail, or as 
provided in the agreement.

    (b) An award shall be made within the time fixed therefor 
by the
agreement or, if not so fixed, within such time as the 
court orders on
application of a party. The parties may extend 
the time in writing either
before or after the expiration 
thereof. A party waives the objection that
an award was not 
made within the time required unless he notifies the

arbitrators of his objection prior to the delivery of the award 
to him.

    (c) Rules applicable to substance of dispute. 
        (i) The arbitrators shall decide the dispute in 
    accordance with any rules of law that are chosen by the 
    parties as applicable to the substance of the dispute. Any 
    designation of the law or legal system of a given 
    jurisdiction shall be construed, unless otherwise 
    expressed, as directly referring to the substantive law of 
    that jurisdiction and not to its conflict of law rules. 
        (ii) If the parties do not make a designation described 
    in subsection (i) of this Section, the arbitrators shall 
    apply the law as determined by the conflict of laws rules 
    that they consider applicable. 
        (iii) In all cases, the arbitrators shall decide in 
    accordance with the terms of the contract and shall take 
    into account the usages of the trade applicable to the 
    transaction. 
        (iv)  Nothing in this subsection (c) shall apply to an 
    arbitration which is part of or pursuant to a collective 
    bargaining agreement. 
(Source: Laws 1961, p. 3844.)