§ 1297.302 If, during arbitral proceedings, the parties settle the dispute, the arbitral tribunal shall terminate the proceedings and, if requested by the partie…
Part 3: Of Special Proceedings of a Civil Nature | Title 9.3: Arbitration and Conciliation of International Commercial Disputes | Chapter 6: Making of Arbitral Award and Termination of Proceedings | Article 3: Settlement
Rule Text
If, during arbitral proceedings, the parties settle the dispute, the arbitral tribunal shall terminate the proceedings and, if requested by the parties and not objected to by the arbitral tribunal, record the settlement in the form of an arbitral award on agreed terms.
Amendment history: Added by Stats. 1988, Ch. 23, Sec. 1. Effective March 7, 1988.