Termination of Proceedings

(a)The arbitral proceedings are terminated by the final award or by an order of the arbitral tribunal in accordance with Paragraph

(b)of this Section.

(b)The arbitral tribunal shall issue an order for the termination of the arbitral proceedings when: COL412014 CH. 42A GUAM INTERNATIONAL ARBITRATION

(1)the claimant withdraws his or her claim, unless the respondent objects thereto and the arbitral tribunal recognizes a legitimate interest on his or her part in obtaining a final settlement of the dispute;

(2)the parties agree on the termination of the proceedings; or

(3)the arbitral tribunal finds that the continuation of the proceedings has, for any other reason, become unnecessary or impossible.

(c)The mandate of the arbitral tribunal terminates with the termination of the arbitral proceedings, subject to the provisions of Sections 42A606 and 42A701(e) .