Interim measures
The Sri Lanka Act provides for interim measures of protection to be ordered by the arbitrator to protect or secure the claim (section 13).
Settlement
It is provided that it shall not be incompatible with arbitration proceedings, for an arbitrator to encourage settlement. Further, with the agreement of the parties, the arbitrator may use at any time during the arbitral proceedings:
- mediation;
- conciliation or
- any other procedure
to encourage settlements [section 14 (1)].
It the parties settle the dispute, the settlement is recorded as an award on agreed terms [sections 14 (2) to (4) and 25].
