ARBITRATION AND MEDIATION ACT, 2023

Section 27: Costs and damages

2023Section 27 of 92Federal Republic of Nigeria

(1) The party requesting an interim measure or applying for a preliminary order is liable for costs and damages caused by the measure or the order to the party against whom it is directed if the arbitral tribunal later determines that, in the circumstances, the measure or the order should not have been granted.
(2) The arbitral tribunal may award such costs and damages at any point during the proceedings.

Cite this section

Section 27, ARBITRATION AND MEDIATION ACT, 2023 (2023).

https://repo.podus.ai/laws/arbitration-and-mediation-act-2023/section/27/