Federal Arbitration Law

Article 21 — Article (21) Interim of Precautionary Measures

Chapter Three: Arbitral Tribunal

1. Subject to the provisions of Article (18) of this Law, unless otherwise agreed by the parties, the Arbitral Tribunal may, at the request of any party or on its own accord, order that interim or precautionary measures be taken by one of the parties as the Arbitral Tribunal considers fit in respect of the subject matter of the dispute, and particularly the following measures to: a. Preserve evidence that may be material to the resolution of the dispute; b. Take the necessary measures to maintain goods that constitute part of the subject matter of the dispute such as the order to deposit the same with a third party or sell the perishable goods. c. Preserve the assets and property out of which a subsequent award may be satisfied; d. Maintain or restore the status quo pending determination of the dispute; or e. Order an action to be taken in order to prevent current or imminent harm or prejudice to the arbitral process or refrain from taking an action that may cause harm or prejudice the arbitral process. 2. The Arbitral Tribunal may require the applicant for interim or precautionary measures to submit a sufficient security to cover the expenses of such measures. It may also obligate the applicant to bear the damage resulting from the enforcement of such orders if the Arbitral Tribunal subsequently decides that the applicant was not entitled thereto. 3. The Arbitral Tribunal may amend, suspend or repeal an interim measure ordered to be taken by it upon a request made by any party or at its own initiative in extraordinary cases and under a prior notice sent thereby to the parties. 4. The party for whom an order to take an interim measure has been issued after obtaining a written permission from the Arbitral Tribunal may request the competent court to order the enforcement of the order issued by the Arbitral Tribunal or any part thereof within (15) fifteen days from the date of receipt of the request. Copies of any request made to obtain the permission or enforcement under this Article shall be sent to all the other parties at the same time.

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