In force2024 Revised EditionCurrent version · 2024 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
International Arbitration Act · 2024 Revised Edition · Part · International Commercial Arbitration
International Arbitration Act · 2024 Revised Edition · Part · International Commercial Arbitration
Official textFrom Attorney General's Chambers, unchanged
The party requesting an interim measure or applying for a preliminary order is liable for any costs and damages caused by such measure or order to any party if the arbitral tribunal later determines that, in the circumstances,
party
“party” means a party to an arbitration agreement or, in any case where an arbitration does not involve all of the parties to the arbitration agreement, means a party to the arbitration.
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that measure or order should not have been granted. The arbitral tribunal may award such costs and damages at any point during the proceedings.
arbitral tribunal
“arbitral tribunal” means a sole arbitrator, a panel of arbitrators or a permanent arbitral institution;
arbitral tribunal
“arbitral tribunal” means a sole arbitrator, a panel of arbitrators or a permanent arbitral institution;
award
“award” means a decision of the arbitral tribunal on the substance of the dispute and includes any interim, interlocutory or partial award, but excludes any orders or directions made under section 15;
party
“party” means a party to an arbitration agreement or, in any case where an arbitration does not involve all of the parties to the arbitration agreement, means a party to the arbitration.