Abstract
This article examines the essential legal requirements which an award must fulfill for it to be final and binding on the disputants. This article argues that the legal requirements are sacrosanct as they cannot be waived under any circumstances. This article goes further to examine interlocutory applications in arbitral proceedings. Owing to the fact that disputants have their respective interests, interlocutory applications makes it possible for parties to protect their interest during the entire course of the arbitral process. To this extent the ‘magna carta’ of arbitration (due process) is to strictly comply with arbitral rules and regulations.
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