How to Initiate an Arbitration
Agreement by parties
Both parties have to agree on their dispute being handled by CORTHO ARBITRATION. Any such agreement can be in the form of either a contractual arbitration clause that refers to this procedure, or by a separate arbitration agreement.
A model arbitration agreement and arbitration clause for CORTHO arbitration can be found here.
Preliminary proceedings
Preliminary proceedings are initiated when the claimant submits the Notice of Arbitration to CORTHO ARBITRATION and once the application fee has been paid.
The Notice of Arbitration contains:
- The names of the parties and their representation
- The prayers for relief
- A summary of the matter in dispute
- Information on the amount in dispute
- A copy of the contract with the arbitration clause or the arbitration agreement
- Hearing venue and language
- Optional: nomination of an arbitrator
- Optional: sole arbitrator or three-member arbitral tribunal, regardless of the amount in dispute