Part I Arbitration pursuant to an arbitration agreement
The arbitral proceedings
39 Power to make provisional awards.
(1)
The parties are free to agree that the tribunal shall have power to order on a provisional basis any relief which it would have power to grant in a final award.
(2)
This includes, for instance, making—
(a)
a provisional order for the payment of money or the disposition of property as between the parties, or
(b)
an order to make an interim payment on account of the costs of the arbitration.
(3)
Any such order shall be subject to the tribunal’s final adjudication; and the tribunal’s final award, on the merits or as to costs, shall take account of any such order.
(4)
Unless the parties agree to confer such power on the tribunal, the tribunal has no such power.
This does not affect its powers under section 47 (awards on different issues, &c.).