Two important considerations at the time of drafting arbitration agreements and in the preparatory stages of an arbitration relate to procedures that must precede the invocation of an arbitration i.e., the contractually prescribed pre-arbitral steps and measures that a party may require to secure in advance any potential award that may be rendered in an arbitration.
This article discusses some pre-arbitral interim measures that can be helpful in securing an award, considerations as to choosing the forum to approach for these measures and the issues presented when such measures are required before a contractually prescribed pre-arbitral procedure (such as mediation or conciliation) is completed. In that context, the considerations that apply at the time of drafting an arbitration agreement are also discussed briefly.
PRE-ARBITRAL INTERIM MEASURES
This story is from the October 2020 edition of Legal Era.
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This story is from the October 2020 edition of Legal Era.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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