Peculiarities of Application of Interim Measures in Arbitration
Peculiarities of Application of Interim Measures in Arbitration

Summary/Abstract: With the entry into force of the new version of the Law of Commercial Arbitration, various amendments have emerged which have advantages and may have disadvantages, one of the main changes - the expanded list of measures of protection. Arbitration is a peaceful way of resolution of disputes, but the Institute for Interim Measures needs to be used in order for the arbitral award to be made. This article discusses specifics of application of interim measures in arbitration. The application of interim measures by the arbitral tribunal may have adverse consequences for the defendant. Therefore, this article will also discuss the possible damages resulting from the application of interim measures in arbitration, indemnity and compensation institute. An analysis of the case law provides conclusions as to whether an intermediate search and a balance of interests are maintained. The findings will also be made or the arbitral tribunal will grant the interim measures without the determination of the state court. In order to discuss in detail the peculiarities of the application of interim measures in arbitration, not only the legal acts and case law of the Republic of Lithuania are reviewed, but also the case law of foreign courts on this issue is analyzed. Problems arising from application of interim measures in national and foreign arbitration courts were also discussed. The analysis of the scientific literature provided preconditions for the formulation of questions, the answers to which would provide a deeper analysis of the scientific problem of this article. According to the results of scientific literature analysis, the general interview questions were formulated in order to get the in-depth insights of the experts about peculiarities of application of interim measures in arbitration. The 5 experts Arbitration specialists perform work functions in the arbitral tribunal were selected and interviewed using the interview method. According to the survey, four out of five respondents consider that it is not necessary for the legislature, in order to address the issue that the arbitral tribunal does not have the possibility to apply coercive procedural measures in the absence of an interim injunction, to allow the claimant to apply for excessive coercive measures. in an arbitration case, in parallel to bring a civil action before a court of general jurisdiction, requesting the use of coercive procedural measures.

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