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Does the a request for annulment of the arbitral award suspend its execution?

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No, according to different legal systems, usually the mere request for the annulment of the arbitration award will not suspend the execution; however, the court of the country in which execution is sought will have the authority to order the suspension of execution, if it deems it is reasonable to suspend execution until the outcome of the annulment proceedings. In this regard, you must refer to the specific laws of the country in which execution was sought.