Cases of Termination of Arbitration Proceedings

21:07, 11/07/2024

Model Law on International Commercial Arbitration of the United Nations Commission on International Trade Law 1985 was promulgated on June 21, 1985. One of the fundamental contents stipulated in this document is the provision regarding the cases of termination of arbitral proceedings.

Specifically, according to Article 32 of the Model Law on International Commercial Arbitration of the United Nations Commission on International Trade Law 1985, the arbitration proceedings shall be terminated by a final award or by order of the arbitral tribunal in the following cases:

The claimant withdraws the claim, unless the respondent objects to this and the arbitral tribunal acknowledges the respondent's legitimate interest in obtaining a final settlement of the dispute.
The parties agree to terminate the proceedings.
The arbitral tribunal finds that the continuation of the proceedings is unnecessary or impossible for any reason.

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