Article 39 - Termination of proceedings

(1) The arbitral proceedings are terminated by the final Award or by an order of the Arbitral Panel in accordance with paragraph 39(2) of this Article.
(2) The Arbitral Panel shall issue an order for the termination of the arbitral proceedings when:
(A) the claimant withdraws his claim, unless the respondent objects thereto and the Arbitral Panel recognises a legitimate interest on his part in obtaining a final settlement of the dispute;
(B) the parties agree on the termination of the proceedings; or
(C) the Arbitral Panel finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.
(3) The mandate of the Arbitral Panel terminates with the termination of the arbitral proceedings, subject to the provisions of Articles 40 and 41(4).