"the award of the arbitral tribunal is final and binding on both parties" in German The award of the arbitral tribunal is final and binding on both parties. Die Entscheidung des Schiedsgericht in endgültig und für beide Parteien bindend. Detailed translations for "the award of the arbitral tribunal is final and binding on both parties" The award of the arbitral tribunal is final and binding on both parties. The award of the arbitral tribunal is final and binding on both parties. Die Entscheidung des Schiedsgericht in endgültig und für beide Parteien bindend.