SCHEDULES

SCHEDULE 7UNCITRAL

Model Law on International Commercial Arbitration

Chapter VIMaking of Award and Termination of Proceedings

Article 32Termination of proceedings

((2))The arbitral tribunal shall issue an order for the termination of the arbitral proceedings when:

(a)the claimant withdraws his claim, unless the respondent objects thereto and the arbitral tribunal recognises a legitimate interest on his part in obtaining a final settlement of the dispute;

(b)the parties agree on the termination of the proceedings;

(c)the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.