52(1)The law with respect to limitation periods applies to an arbitration as if the arbitration were a court proceeding.

52(2)If the court sets aside an award, terminates an arbitration or declares an arbitration to be invalid, it may order that the period from the commencement of the arbitration to the date of the order shall be excluded from the computation of the time within which a court proceeding may be brought in respect of a claim that was presented in the arbitration.

52(3)An application for enforcement of an award may not be made more than two years after the day on which the applicant receives the award.