Section 27 Arbitration and Mediation Act

Section 27 Arbitration and Mediation Act 2023 is about Costs and damages. It is under Part I (Arbitration) of the Act.

(1) The party requesting an interim measure or applying for a preliminary order is liable for costs and damages caused by the measure or the order to the party against whom it is directed if the arbitral tribunal later determines that, in the circumstances, the measure or the order should not have been granted.

(2). The arbitral tribunal may award such costs and damages at any point during the proceedings.