1. The filing of an annulment action does not entail the suspension of the arbitral award. However, the court hearing the annulment action may order such suspension at the request of any of the parties if the request is based on serious grounds. 2. The court shall decide on the request for the suspension of the arbitral award within fifteen (15) days from the date of the first hearing scheduled for considering such request. 3. If the court orders the suspension of the award, it may require the party requesting the suspension to post a security or monetary guarantee. Further, it shall decide on the annulment action within three (3) months from the date such order is rendered.
Interpretation and application must be checked against the official text and current version.