Article 49. Termination of arbitration proceedings The Law on Arbitration
1. The arbitration proceedings shall be terminated by issuing a ruling on the termination of the arbitration proceedings on the grounds specified in paragraph 2 of this article.
2. The arbitral tribunal shall issue a ruling on the termination of the arbitration proceedings in the following cases::
1) the plaintiff waives his claim and the refusal is accepted by the arbitral tribunal, unless the defendant objects to the termination of the arbitration proceedings due to his legitimate interest in resolving the dispute on the merits.;
2) the dispute submitted to arbitration does not fall within its competence;
3) there is a court decision or an arbitration award that has entered into legal force and has been adopted in a dispute between the same parties, on the same subject and on the same grounds.;
4) the parties have agreed to terminate the arbitration proceedings;
5) the legal entity that is a party to the arbitration proceedings has been liquidated;
6) the death of an individual who is a party to the arbitration has occurred, or he has been declared dead or recognized as missing.
The Law of the Republic of Kazakhstan dated April 8, 2016 No. 488-V SAM.
This Law regulates public relations arising in the course of arbitration activities in the territory of the Republic of Kazakhstan, as well as the procedure and conditions for the recognition and enforcement of arbitral awards in Kazakhstan.
President
Republic of Kazakhstan
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