BIAC Arbitration Process

  • null

    Step 1 : Request for Arbitration

    Claimants sends “Request for Arbitration” to the Respondent and BIAC and the Respondent sends Response to Request for Arbitration & Counter Claim.

  • null

    Step 2 : Constitution of the Tribunal

    The Claimant and the Respondent will constitute the Arbitration Tribunal by appointing one or three Arbitrators.

  • null

    Step 3 : Preliminary Conference

    The Arbitration Tribunal holds a preliminary conference in 21 days following the constitution of the Arbitration Tribunal to discuss the procedure; time, venue and date of the hearings and other administrative issues.

  • null

    Step 4 : Exchange of Documents

    Claimant sends Statement of Claim within 30 days of the constitution of the Arbitration Tribunal and the Respondent sends Statement of Defense and Counterclaim from the date of delivery of Statement of Claim.

  • null

    Step 5 : Hearings

    Oral hearings take place within 30 days from the date of submission of written pleadings.

  • null

    Step 6 : Award

    Arbitration is concluded in 180 days and award is given 60 days.