THE ARBITRATION RULES OF CHICAGO INTERNATIONAL
DISPUTE RESOLUTION ASSOCIATION (CIDRA)

ARTICLE 33 - SETTLEMENT, TERMINATION 
OF PROCEEDINGS
1) If, before the award is made, the 
parties agree on a settlement of the 
dispute, the arbitral tribunal shall 
either issue an order for the termination 
of the arbitral proceedings or, if 
requested by both parties and accepted 
by the tribunal, record the settlement in 
the form of an arbitral award on agreed 
terms. The arbitral tribunal is not obliged 
to give reasons for such an award. 

2) If, before the award is made, the 
continuation of the arbitral proceedings 
becomes unnecessary or impossible for any 
reason not mentioned in paragraph 1, the 
arbitral tribunal shall inform the parties 
of its intention to issue an order for the 
termination of the proceedings. The arbitral 
tribunal shall have the power to issue such 
an order unless a party raises justified 
grounds for objection. 

3) Copies of the order for termination of the 
arbitral proceedings or of the arbitral 
award on agreed terms, signed by the 
arbitrators, shall be communicated by the 
arbitral tribunal to the parties. Where an 
arbitral award on agreed terms is made, the 
provisions of Article 31, paragraphs 2 and 
4 to 7, shall apply.