Current through the 2024 Regular Session
Section 7.05.180 - Power of arbitral tribunal to order interim measures(1) Unless otherwise agreed by the parties, the arbitral tribunal may, at the request of a party, grant interim measures.(2) An interim measure is any temporary measure, whether in the form of an award or in another form, by which, at any time prior to the issuance of the award by which the dispute is finally decided, the arbitral tribunal orders a party to: (a) Maintain or restore the status quo pending determination of the dispute;(b) Take action that would prevent, or refrain from taking action that is likely to cause, current or imminent harm or prejudice to the arbitral process itself;(c) Provide a means of preserving assets out of which a subsequent award may be satisfied; or(d) Preserve evidence that may be relevant and material to the resolution of the dispute.Added by 2015 c 276,§ 18, eff. 7/24/2015.