Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (ARBITRATION) RULES - SECT 28

Termination of proceedings

Caution: This is a past version. See the current version here.

(1) If, before the award is made, the continuation of the arbitration
proceedings becomes unnecessary or impossible for any reason other than by way
of an agreement to settle between the parties, the arbitrator may, either upon
his own initiative or at the request of a party, issue an order for the
termination of the arbitration.

(2) The arbitrator shall state in the order the reasons for the termination.

(3) An order made under subsection (1) shall be signed by the arbitrator and
shall be delivered to the parties and lodged with the clerk for filing.

(4) An order made under subsection (1) shall be final and binding on the
parties. (Enacted 1994)