Arbitration Act (Cap. 387), article 63

63. (1) Unless the parties to an arbitration agreement falling under this Part of this Act have otherwise agreed, when an arbi tral tribunal determines to make an award for the payment of money (whether on a claim for a liquidated or an unliquidated amount) , the tribunal may, subject to subarticle (2), include in the sum for which the award is made interest at such a reasonable rate as the tri bunal may determine on the whole or any part of the money, and for th e whole or any part of the period between the date on which the c ause of action arose, and the date on which the award is made. (2) Subarticle (1) does not - (a) authorise the awarding of interest upon interest; (b) apply in relation to any amount upon which interest is payable as of right whether by virtue of an agreement or otherwise; and (c) affect the damages that may be recoverable as a result 26 CAP. 387.] ARBITRATION of a bill of exchange being dishonoured. Interest on debt under award.