Interim Relief in Arbitration | Practical Law
Interim, provisional and conservatory measures are remedies that can be granted before the arbitrators hear the merits and render their final award. They are designed to protect a litigant during an arbitration to insure a meaningful final adjudication on the merits. These are extraordinary remedies that are usually granted only on the ground that the award to which the applicant may be entitled may be rendered ineffectual without interim relief. If the remedy is granted, the applicant may be required to post security to make the other party whole for any injury it sustains resulting from the remedy if it is determined that the applicant was not entitled to the remedy. Before advising a client to seek an interim remedy, counsel should consider the likelihood of obtaining relief and the value of that relief if obtained.