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The ultimate aim of judicial proceedings is to resolve disputes substantively and eliminate legal uncertainty between the parties. The most critical phase of this process is the “judgment”, which constitutes the final decision rendered by the courts. However, although a judgment is a decision that concludes the trial, in some cases, it may not produce legal effects, meaning it is considered “ineffective”.

The final and binding nature of arbitral awards provides legal predictability to the parties while also allowing for the possibility of material errors or omissions in the arbitral decisions.

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