(3) The arbitral tribunal may decide the dispute, if the parties so agree, in accordance with such other considerations as are agreed by them or determined by the tribunal.
Awards made on different issues
33.—(1) Unless otherwise agreed by the parties, the arbitral tribunal may make more than one award at different points in time during the proceedings on different aspects of the matters to be determined.
(2) The arbitral tribunal may, in particular, make an award relating to—
- (a) an issue affecting the whole claim; or
- (b) a part only of the claim, counter-claim or cross-claim, which is submitted to the tribunal for decision.
(3) If the arbitral tribunal makes an award under this section, it shall specify in its award, the issue, or claim or part of a claim, which is the subject-matter of the award.
Remedies
34.—(1) The parties may agree on the powers exercisable by the arbitral tribunal as regards remedies.
(2) Unless otherwise agreed by the parties, the arbitral tribunal may award any remedy or relief that could have been ordered by the Court if the dispute had been the subject of civil proceedings in that Court.
Interest
35.—(1) The arbitral tribunal may award interest, including interest on a compound basis, on the whole or any part of any sum that—
- (a) is awarded to any party; or
- (b) is in issue in the arbitral proceedings but is paid before the date of the award,
for the whole or any part of the period up to the date of the award or payment, whichever is applicable.
(2) A sum directed to be paid by an award shall, unless the award otherwise directs, carry interest as from the date of the award and at the same rate as a judgment debt.
