An Arbitration Procedure comprises the following steps:
|
Step One |
- Receipt of arbitration request
- Acceptance of arbitration proceedings by
AEADE
- Mediation prior to arbitration |
|
Day 1 |
- Designation of arbitrator |
|
Day 6 - 8 |
- Notification sent to respondent |
|
Day 9 - 20 |
- Receipt of allegations |
|
Day 20 - 35 |
- Award issuing |
|
From day 35 |
- Notification of award |
Should the party found at fault in the award not issue payment and not respect the arbitrator’s decision, the successful party may request legal enforcement of the award with a lawyer and attorney.
Through the legal enforcement of the award proceedings, the party found at fault must pay the debts owed. Failure to do so will result in the seizure of goods of sufficient value to cover the debt amount.
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