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In forceAmended2020 Revised Edition

Part 2 · International Commercial Arbitration

18. Award by consent

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Amended

Last amended by an amending law of 2021. 2 amendments in all.

If the parties to an arbitration agreement reach agreement in settlement of their dispute and the arbitral tribunal has recorded the terms of settlement in the form of an arbitral award on agreed terms in accordance with Article 30 of the Model Law, the award —

(a)

is to be treated as an award on an arbitration agreement; and

(b)

may, by permission of the General Division of the High Court, be enforced in the same manner as a judgment or an order to the same effect, and where permission is so given, judgment may be entered in terms of the award.

Report

Part 2A

Arbitrations Relating to Intellectual Property Rights

Part 3

Foreign Awards

Part 4

General

Schedules