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 tribunal shall issue an order for the termination of the arbitral proceedings where the –

(a) claimant withdraws the claim, unless the respondent objects to it and the arbitral tribunal recognises a legitimate interest on its part to obtain a final settlement of the dispute;

(b) parties agree to the termination of the arbitral proceedings; or
(c) arbitral tribunal finds that continuation of the arbitral proceedings has
become unnecessary or impossible.

(3) Subject to the provisions of sections 49 and 55 (5) and (6) of this Act, the mandate of the arbitral tribunal shall cease on termination of the arbitral proceedings.