Absent any agreement to the contrary, the statute of limitations for civil actions, by its plain terms, does not apply to an arbitration proceeding.
Even if there were no pre-hearing briefs, keep your open- ing short, providing an executive sum- mary of your case in chronological order without getting into the weeds. Try to sum up some key points in phraseology the arbitrator will remember. If you have compelling evidence, mention it.
The Rules. The time limit within which the arbitrator must render his award is fixed at six months.
Arbitration Forums, Inc. is a not-for-profit organization that handles disputes amongst its nearly five thousand members. These members agree to have specially appointed arbitrators hear their cases in lieu of taking the dispute to a court of law.
Frequently Asked Questions about Property Arbitration. Can a decision in the Property Forum be appealed? A decision may be appealed on a case when the Company Claim Amount is at least $10,000. The appeal process is described in Rule 2-12.
If arbitration is not filed within 60 calendar days of the dismissal/discontinuance, the expiration of the statute of limitations may be asserted as an affirmative defense/exclusion.
Arbitration Forums, Inc. You may request membership information via membership@arbfile or call 1-866-977-3434.
Section 29A of the Arbitration and Conciliation Act, 1996 (“Act”), inserted vide theAmending Act of 2015 (w.e.f. 23.10. 2015), was meant to introduce time limit for completion of arbitration proceedings. It prescribed a statutory period of 12 (twelve) months from the date the arbitral tribunal enters upon reference.
2-1 The recovering company initiates arbitration by filing via AF's website. Evidence must be attached to the filing when it is submitted.