521. Extension of time limits under arbitration agreement.

Where an arbitration agreement1 to refer future disputes2 to arbitration provides that a claim will be barred, or the claimant's3 right extinguished, unless the claimant takes within a time fixed by the agreement some step to begin arbitral proceedings, or to begin other dispute resolution procedures which must be exhausted before arbitral proceedings can be started, the court4 may by order extend the time for taking that step5. Any party to the arbitration agreement6 may apply for such an order, upon notice7 to the other parties, but only after a claim has arisen and after exhausting any available arbitral