[1] There are two applications before the court: encls (1) and (6). Enclosure (1) is the plaintiff's application for an injunction to restrain the defendant from demanding and/or realising the bank guarantee that the plaintiff provided under the contractual arrangements between itself and the defendant. Enclosure (6) is the defendant's application for a stay of the present proceedings pending arbitration.

[2] As a result of the unfolding, development and intervening events in respect of these proceedings which are well recorded, and more particularly with the consent of the parties to treat encl (1) as an application under s 11 of the Arbitration Act 2005 (Act 646); and encl (6) for stay under s 10 of the same Act; accordingly encl (1) will be treated as an application for an interim injunction pending arbitration under