Professional resource sharing of APIAC
The arbitration place has played a legal link and played a crucial role in promoting the orderly international commercial arbitration process and effectively resolving international business disputes. International cross-regional nature
Arbitration fees usually include court fees, administrative fees and hearing fees. The calculation of the cost is based on the disputed amount, the complexity of the case and the selected arbitration process. The parties usually need to prepay the relevant fees
The duration of the arbitration procedure depends on the complexity of the case, the degree of cooperation between the parties, and the type of procedure selected. Generally speaking, the simplified program can be completed within 3-6 months, while the ordinary program can usually be completed in the ordinary program
The parties may choose the arbitrator according to the procedures stipulated in the arbitration rules. Usually, the parties choose an arbitrator, and the two arbitrators jointly choose to preside over the arbitrator. If the parties fail to reach an agreement
A valid arbitration agreement shall clearly stipulate that the dispute resolution method is arbitration, designate an arbitration institution, designate the applicable arbitration rules, determine the arbitration site, and agree to the arbitration language
Once an arbitral award is made, it is legally binding, and the parties are obliged to abide by it. If the loser fails to comply, the winner may apply to the competent court for law enforcement. According to international treaties such as the New York Convention,
