Article 48. Termination of the arbitral proceedings

On international commercial arbitration (ZRU-674-son) · Date: 16.02.2021 · In force

The arbitral proceedings shall terminate with a final arbitral award or a ruling of the arbitral court issued in accordance with part 2 of this Article.

The arbitral court shall resolve on the termination of the arbitral proceedings the following cases when:

1) the plaintiff withdraws his/her claim, unless the defendant raises an objection to the termination and the arbitral court recognizes the defendant's legitimate interest in the final settlement of the dispute;

2) the parties agree to terminate the proceedings;

3) the arbitral court finds that continuation of the proceedings has otherwise become unnecessary or impossible.

The powers of the arbitral court shall terminate simultaneously with the termination of the arbitral proceedings, except for the power to apply the provisions of Article 49 and part 4 of Article 50 of the present Law.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/5698676

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Cite as: Article 48. Termination of the arbitral proceedings On international commercial arbitration (ZRU-674-son). neolex.uz/en/laws/law-5294087/48 (lex.uz/docs/5698676)