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Court based adjudication & ADR

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Court based adjudication & ADR

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • December 14, 2017 at 2:57 pm #423241
    iyamu
    Participant
    • Topics: 286
    • Replies: 171
    • ☆☆☆

    Sir Article 17 says interim measures of protection may be ordered by either party while arbitration is proceeding. What does interim measures of protection means because it is not stated?

    December 15, 2017 at 4:07 pm #423623
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23365
    • ☆☆☆☆☆

    “Interim” refers to the period of time between the dispute arising and the arbitrators reaching a decision. Meanwhile the goods could suffer, deteriorate, become obsolete, shrink, decompose, die … if they were not protected

    So, in the interim period following the start of the dispute and the time of the arbitrators’ decision, it may be necessary to protect those goods

    OK?

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