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What is the monetary limit for the Special Arbitration Forum? Compulsory arbitration is applicable to a maximum of $250,000 contribution sought per claim. Claims for separate parties arising out of the same accident, occurrence, or event are considered separate claims.
A completed Demand for Arbitration must be served by the Claimant upon the Respondent (or Respondent's counsel) along with a copy of the contract or agreement containing the arbitration clause. (Certified or registered mail is the recommended service method in order to verify receipt of the Demand.)
The National Arbitration Forum (NAF) is one of the world's leading providers of alternative dispute resolution (ADR) services, including arbitration and mediation. We represent a distinguished panel of over 1,500 experienced attorneys located in all 50 states and 29 foreign countries.
A claimant will typically start arbitration by sending a document known as a “request for arbitration” or a “notice to arbitrate” to its opponent.
The five most preferred seats for arbitration are London, Singapore, Hong Kong, Paris and Geneva.