Section 32C of Arbitration Act CAP 49: Interest
Unless otherwise agreed by the parties, to the extent that the rules of law applicable to the substance of the dispute permit, an arbitral award may include provision for the payment of simple or compound interest calculated from such date, at such rate and with such rests as may be specified in the award.
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- Section 33 - Termination of arbitral proceedings
(1) The arbitral proceedings shall be terminated by the final arbitral award orby an order of the arbitral tribunal under subsection (2).
(2) The arbitral tribunal shall issue an order for the...
- Section 34 - Correction and interpretation of arbitral award; additional award
(1) Within 30 days after receipt of the arbitral award, unless a different period of time has been agreed upon by the parties—
(a) a party may, upon notice in writing to the other party, request the...
- Section 35 - Application for setting aside arbitral award
(1) Recourse to the High Court against an arbitral award may be made only by an application for setting aside the award under subsections (2) and (3).
(2) An arbitral award may be set aside by the...
- Section 36 - Recognition and enforcement of awards
(1) A domestic arbitral award, shall be recognized as binding and, upon application in writing to the High Court, shall be enforced subject to this section and section 37.
(2) An international...
- Section 37 - Grounds for refusal of recognition or enforcement
(1) The recognition or enforcement of an arbitral award, irrespective of the state in which it was made, may be refused only—
(a) at the request of the party against whom it is invoked, if that party...
- Section 38 - Bankruptcy
(1) Where it is provided by a term in a contract to which a bankrupt is a party that any differences arising out of or in connection with the contract shall be referred to arbitration, then if the...
- Section 39 - Questions of law arising in domestic arbitration
(1) Where in the case of a domestic arbitration, the parties have agreed that—
(a) an application by any party may be made to a court to determine any question of law arising in the course of the...
- Section 40 - Rules
The Chief Justice may make rules of Court for—
(a) the recognition and enforcement of arbitral awards and all proceedings consequent thereon or incidental thereto;
(b) the filing of applications for...
- Section 41 - Government to be bound
This Act shall bind the Government.
- Section 42 - Repeal of Cap. 49 and saving
(1) The Arbitration Act (Cap. 49) is repealed.
(2) The repeal of the Arbitration Act (Cap. 49) shall not affect any arbitral proceedings commenced before the coming into operation of this...