Arbitration Act (Cap. 387), article 15A

15A. (1) It shall be lawful for a testator to insert an arbitration clause in a will. In such event such clause shall be binding on all persons claiming under such will in relation to all disputes re lating to the interpretation of such will, including any claim that su ch will is not valid. (2) It shall be lawful for a settlor of a trust to insert an arbitration clause in a deed of trust and such clause shall be binding on all trustees, protectors and any beneficiaries under the tru st in relation to matters arising under or in relation to the trust. Cap. 331. (3) In the cases referred to in the preceding subarticles, the right of a party to seek directions of the Court of voluntary jurisdiction in terms of the Trusts and Trustees Act shall not be limited by any such clause and notwithstanding the provisions o f this Act, the said Court shall not be bound to stay proceedings in terms of article 15(3) or otherwise, but shall enjoy a discreti on to do so until such time as it determines that the matter is of a contentious nature, in which cas e it shall stay the proceedings and shall refer the parties to arbitration. Arbitration clause in foundation statutes. Added by: XXXVI.2018.116.