(1) An interim measure
issued by an arbitral tribunal under the law of this State is to be recognised
as binding and, unless otherwise provided by the arbitral tribunal, enforced
on application to the Court, subject to the provisions of section 17I.
(2) An interim measure
issued by an arbitral tribunal under the law of another State or Territory is
to be recognised as binding in this State and, unless otherwise provided by
the arbitral tribunal, enforced on application to the Court, irrespective of
the State or Territory in which it was issued, subject to the provisions of
section 17I.
(3) The party who is
seeking or has obtained recognition or enforcement of an interim measure must
promptly inform the Court of any termination, suspension or modification of
that interim measure.
(4) The Court may, if
it considers it proper, order the requesting party to provide appropriate
security if the arbitral tribunal has not already made a determination with
respect to security or where such a decision is necessary to protect the
rights of third parties.
Note for this section:
This section differs
from Art 17H of the Model Law to the extent necessary to apply Art 17H as
incorporated in this Act in the context of domestic commercial arbitrations.