THE ARBITRATION PROCEDURE
Arbitration is quick, efficient, confidential method of dispute resolution. A party, wishing to refer to arbitration sends its Request for Arbitration and its enclosures to the ICAC Secretariat.
Arbitration is quick, efficient, confidential method of dispute resolution. A party, wishing to refer to arbitration sends its Request for Arbitration and its enclosures to the ICAC Secretariat.
Arbitrators of the ICAC under the EAC have special knowledge in the field of dispute resolution within the competence of the ICAC under the EAC and are independent and impartial. The parties may appoint arbitrators with the desired competence needed to resolve the dispute.
The parties are empowered (and recommended), at their own discretion, to agree about the arbitration proceeding, providing that the Rules of the ICAC under the EAC are strictly observed.
The Arbitration Court pronounces the written legally justified award in a language specified by the arbitration. An arbitral award is enforceable in more than 150 countries according to New York Convention, 1958.
