ARBITRATION AND MEDIATION ACT, 2023

Section 24: Modification, suspension and termination of interim measures and preliminary orders

2023Section 24 of 92Federal Republic of Nigeria

The arbitral tribunal may modify, suspend or terminate an interim measure or a preliminary order it has granted on application of a party or, in exceptional circumstances and upon prior notice to the parties, on the initiative of the arbitral tribunal including where (a) important facts were concealed from the arbitral tribunal;
(b) the interim measures or preliminary order was fraudulently obtained;
(c) facts have come to the knowledge of the arbitral tribunal, which, if the arbitral tribunal had known at the material time, it would not have granted the order; and
(d) it is just and equitable in the circumstance to modify, suspend or terminate the order.

Cite this section

Section 24, ARBITRATION AND MEDIATION ACT, 2023 (2023).

https://repo.podus.ai/laws/arbitration-and-mediation-act-2023/section/24/