Arbitration proceeding

  • Written In : 2020-12-22
  • Visits : 407

 

Arbitration proceeding

 

 

Request for Arbitration

(Art.6)

 

Serving the request for arbitration to the defendant for his answer within 30 days (in international arbitration)

(Art.7)

 

Serving the answer of the claimant to the defendant

 (Art.7)

 

Possible counterclaim by the defendant

(Art.7(c))

 

(Claimant's answer to counterclaim within 30 days (in international arbitration

((Art.7(d)

 

Fast track proceeding in small claims with less than IR Rial 500/000/000 or in rem claims

(Note to Art.3)

 

Calculation and collection of the arbitration costs on account based on tariff attached to Rules on Arbitration Costs

(Art. 58 & 59)

 

Appointment of arbitrator(s) by the parties agreement

(Art.10(a))

 

Nomination of arbitrator(s) by ACIC in case the parties can not agree

(Art.10)

 

Declaration of independence and impartiality of arbitrator(s)

(Art.22)

 

 Possible challenge of arbitrator(s) with 15 days

 (Art.24)

 

Submission of the file to arbitrator(s) soon after collection of advance arbitration costs

(Art.36)

 

Preparation of the terms of reference by the arbitrator(s) with 15 days

 (Art.39(a))

 

Hearing session

 (Art.43)

 

Appointment of expert, if necessary

 (Art.43)

 

Possible third party intervention

 (Art.47)

 

Closing of the proceeding within 6 months and issuing arbitration awards within 20 days (in international arbitration)

 (Art.48)

 

Scrutiny of the draft arbitration award by ACIC court in cases with more than IR Rials 500/000/000 or in important cases determined by ACIC secretary general

 (Art.53)

 

Notification of the arbitration award by ACIC or the court

 (Art.56)