• Rules Relating to Termination of Arbitration Proceedings

    • DRA-3.1.27

      (a) If, before the award is made, the parties agree on a settlement of the dispute, the Arbitration Committee shall record the settlement in the form of an arbitration award on agreed terms;
      (b) The Arbitration Committee is not obliged to give reasons for an award made under (a);
      (c) An award made under (a) shall be signed by the Arbitration Committee, sent to the parties and lodged with the Arbitration Cell for filing; and
      (d) An award made under (a) is final and binding on the parties.
      July 2010