Federal Arbitration Law

Article 40 — Article (40) Arbitral award on Agreed Terms

Chapter Five: Arbitral Award

In case the parties agree to make a settlement bringing an end to the dispute amicably, before the final award is rendered, they may request submission of the terms governing such settlement to the Arbitral Tribunal which in turn, in such case, shall render an arbitral award including the terms of the settlement, whereupon the proceedings shall be brought to an end. Such award shall have the same effect in respect of the enforcement of the arbitral awards.

WAWhatsAppTGTelegram