Malaysia legislation
Section 33
Section 33
(2)
In arbitral proceedings with more than one arbitrator, the signatures of the majority of all members of the arbitral tribunal shall be sufficient provided that the reason for any omitted signature is stated.
(3)
An award shall state the reasons upon which it is based, unless—
(a)
the parties have agreed that no reasons are to be given;
or
(b)
the award is an award on agreed terms under section 32.
(4)
An award shall state its date and the seat of arbitration as determined in accordance with section 22 and shall be deemed to have been made at that seat.
(5)
After an award is made, a copy of the award signed by the arbitrator in accordance with subsections (1) and (2) shall be delivered to each party.
Arbitration 33
(6)
Subject to subsection (8), unless otherwise agreed by the parties, the arbitral tribunal may, in the arbitral proceedings before it, award simple or compound interest from such date, at such rate and with such rest as the arbitral tribunal considers appropriate, for any period ending not later than the date of payment of the whole or any part of—
(a)
any sum which is awarded by the arbitral tribunal in the arbitral proceedings;
(b)
any sum which is in issue in the arbitral proceedings but is paid before the date of the award; or
(c)
costs awarded or ordered by the arbitral tribunal in the arbitral proceedings.
(7)
Nothing in subsection (6) shall affect any other power of an arbitral tribunal to award interest.
(8)
Where an award directs a sum to be paid, that sum shall, unless the award otherwise directs, carry interest as from the date of the award and at the same rate as a judgment debt.
Termination of proceedings