Sharing APIAC’s Professional Resources
The seat of arbitration provides a legal connection and plays a crucial role in facilitating the orderly conduct of international commercial arbitration proceedings and the effective resolution of international commercial disputes. The international and cross-regional nature
Arbitration fees generally include tribunal fees, administrative fees, and hearing fees. Costs are calculated based on the amount in dispute, the complexity of the case, and the chosen arbitration procedure. Parties usually need to pay the relevant fees in advance
The duration of arbitration depends on the complexity of the case, the parties’ cooperation, and the type of procedure selected. Generally, expedited proceedings can be completed within 3-6 months, while ordinary proceedings can usually be completed under ordinary proceedings
The parties may select arbitrators according to the procedures set out in the arbitration rules. Usually, each party selects one arbitrator, and those two arbitrators jointly select the presiding arbitrator. If the parties fail to reach an agreement
A valid arbitration agreement should clearly provide for arbitration as the dispute resolution method, designate the arbitration institution, specify the applicable arbitration rules, determine the place of arbitration, and agree on the language of arbitration
An arbitral award is legally binding once issued, and the parties are obliged to comply. If the losing party fails to comply, the prevailing party may apply to the competent court for enforcement. Under international treaties such as the New York Convention,
