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.)