Malaysia legislation
Section 10
Section 10
(2)
The court, in granting a stay of proceedings pursuant to subsection (1), may impose any conditions as it deems fit.
(2a)
Where admiralty proceedings are stayed pursuant to subsection (1), the court granting the stay may, if in those proceedings property has been arrested or bail or other security has been given to prevent or obtain release from arrest—
(a)
order that the property arrested be retained as security for the satisfaction of any award given in the arbitration in respect of that dispute; or
(b)
order that the stay of those proceedings be conditional on the provision of equivalent security for the satisfaction of any such award.
Act 646
(2b)
Subject to any rules of court and to any necessary modifications, the same law and practice shall apply in relation to property retained in pursuance of an order under subsection (2a)
as would apply if it were held for the purposes of proceedings in the court making the order.
(2c)
For the purpose of this section, admiralty proceedings refer to admiralty proceedings under Order 70 of the *Rules of the
High Court 1980 [P.U. (A) 50/1980] and proceedings commenced pursuant to paragraph 24(b) of the Courts of Judicature Act 1964
[Act 91].
(3)
Where the proceedings referred to in subsection (1) have been brought, arbitral proceedings may be commenced or continued, and an award may be made, while the issue is pending before the court.
(4)
This section shall also apply in respect of an international arbitration, where the seat of arbitration is not in Malaysia.
Arbitration agreement and interim measures by High Court