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Section 53 Arbitration and Mediation Act Section 53 Arbitration and Mediation Act 2023 is about Joint and several liability of the parties for arbitrator’s fees and expenses. It is under Part I (Arbitration) of the Act. (1) The parties are jointly and severally liable to pay the arbitrator such reasonable fees and expenses as are…
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Section 52 Arbitration and Mediation Act Section 52 Arbitration and Mediation Act 2023 is about Security for costs. It is under Part I (Arbitration) of the Act. (1) The arbitral tribunal shall have the power, upon the application of a party, to order any claiming or counterclaiming party to provide security for the legal or…
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Section 51 Arbitration and Mediation Act Section 51 Arbitration and Mediation Act 2023 is about Deposit of costs. It is under Part I (Arbitration) of the Act. (1) The arbitral tribunal may, on its establishment, request each party to deposit an equal amount as an advance for the costs referred to in section 50 (1)…
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Section 50 Arbitration and Mediation Act Section 50 Arbitration and Mediation Act 2023 is about Costs of the arbitration. It is under Part I (Arbitration) of the Act. (1) The arbitral tribunal shall fix costs of arbitration in its award and the term “costs” includes – (a) the fees of the arbitrators;(b) the travel and…
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Section 49 Arbitration and Mediation Act Section 49 Arbitration and Mediation Act 2023 is about Correction and interpretation of award and additional award. It is under Part I (Arbitration) of the Act. (1) Unless another period has been agreed upon by the parties, a party may, within 30 days of the receipt of an award…
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Section 48 Arbitration and Mediation Act Section 48 Arbitration and Mediation Act 2023 is about Termination of proceedings. It is under Part I (Arbitration) of the Act. (1) The arbitral proceedings shall terminate when the final award is made or when an order of the arbitral tribunal is issued under subsection (2). (2) The arbitral…
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Section 47 Arbitration and Mediation Act Section 47 Arbitration and Mediation Act 2023 is about Form and contents of award. It is under Part I (Arbitration) of the Act. (1) The award shall be in writing and signed by the arbitrator or arbitrators.(2) In an arbitral proceeding with more than one arbitrator, the signatures of…
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Section 45 Arbitration and Mediation Act Section 45 Arbitration and Mediation Act 2023 is about Settlement. It is under Part I (Arbitration) of the Act. (1) Where, during the arbitral proceedings, the parties settle the dispute, the arbitral tribunal Settlement shall terminate the arbitral proceedings, and may where requested by the parties and agreed to…
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Section 44 Arbitration and Mediation Act Section 44 Arbitration and Mediation Act 2023 is about Decision making by arbitral tribunal. It is under Part I (Arbitration) of the Act. (1) In an arbitral tribunal with more than one arbitrator, any decision of the tribunal shall, unless otherwise agreed by the parties, be made by a…
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Section 43 Arbitration and Mediation Act Section 43 Arbitration and Mediation Act 2023 is about Power of court to order attendance of witness. It is under Part I (Arbitration) of the Act. (1) At the request of a party to the arbitral proceedings, a Court or a judge in chambers may order that a writ…