North Carolina § 1-567 - 47. Power of arbitral tribunal to order interim measures.

§ 1-567. 47. Power of arbitral tribunal to order interim measures.

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. 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. History (1991, c. 292, s. 1; 2017-171, s. 1.) Editor's Note. - Session Laws 2017-171, s. 2 made the amendment to this section by Session Laws 2017-171, s. 1, which designated the previously existing provisions as subsection (a), added subsection (b), and made minor stylistic changes, effective October 1, 2017, and applicable to agreements entered into, renewed, or modified on or after that date. Effect of Amendments. - Session Laws 2017-171, s. 1, designated the previously existing provisions as subsection (a), and therein made a minor stylistic change; and added subsection (b). For effective date and applicability, see editor's note.