§ 1-567.47. Power of arbitral tribunal to order interim measures.
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/nc/chapter-1/1-567-47A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1-567.47. Power of arbitral tribunal to order interim measures.
(a)Unless otherwise agreed by the parties, the arbitral tribunal may, at the request of a party, order any party to take such interim measure of protection as the arbitral tribunal may consider necessary in respect of the subject matter of the dispute, including an interim measure analogous to any type of interim relief specified in G.S. 1-567.39(c). The arbitral tribunal may require any party to provide appropriate security, including security for costs as provided in G.S. 1-567.61(h)(2), in connection with the measure.
(b)A court has the same power to issue an interim measure in an arbitration proceeding, irrespective of whether the arbitration proceeding is in the territory of this State, as it has in a court proceeding. The court shall exercise this power in accordance with its own procedures in consideration of the specific features of international arbitration. (1991, c. 292, s. 1; 2017-171, s. 1.)