There are multiple definitions - click on the translation that matches your context.

Schiedsspruch

Substantiv

full

arbitral award

noun

Definitions of arbitral award

the decision of a panel of one or more people who officially decide how an argument between two disputing parties should be settled. It is the arbitral equivalent of a judgment in a court of law.

Three judges in the London Court of Appeal restored the original arbitral award on Friday.