SECTION 684.0043. Termination of proceedings.

Latest version.

1(1) 2Arbitral proceedings are terminated by the final award or by an order of the arbitral tribunal pursuant to subsection (2).
22(2) 23The arbitral tribunal shall issue an order for the termination of the arbitral proceedings when:
38(a) 39The claimant withdraws its claim, unless the respondent objects to the withdrawal of the claim and the arbitral tribunal recognizes that the respondent has a legitimate interest in obtaining a final settlement of the dispute;
74(b) 75The parties agree on the termination of the proceedings; or
85(c) 86The arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.
105(3) 106The mandate of the arbitral tribunal terminates with the termination of the arbitral proceedings, subject to ss. 123684.0044 124and 125684.0046(4)126.

History.-s. 44, ch. 2010-60.

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