Sentences with phrase «prevents arbitral tribunals»

Not exact matches

An interim measure is any temporary measure by which, at any time prior to the issuance of the award by which the dispute is finally decided, the arbitral tribunal orders a party, for example and without limitation, to: (a) maintain or restore the status quo pending determination of the dispute; (b) take action that would prevent, or refrain from taking action that is likely to cause, (i) current or imminent harm or (ii) prejudice to the arbitral process itself; (c) provide a means of preserving assets out of which a subsequent award may be satisfied; or (d) preserve evidence that may be relevant and material to the resolution of the dispute.

TBL accordingly sought an injunction to prevent East African from taking any steps to implement the transaction with Serengeti pending an arbitral tribunal ruling on the validity of East African's purported termination.