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  • 7.9.7-ARBITRATION-BOARD OF ARBITRATION

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  • Board of arbitration

     
     

    The board of arbitration procedure is designed for those wishing to minimize the cost and time associated with arbitration at first instance and possible subsequent appeal. It is only available if it was stipulated in the original contract, or subsequently agreed between the parties to the dispute. There is no appeal against the award of a board of arbitration, so in effect the parties are ensuring that they only need go through the arbitration proceedings once to settle the dispute.

    The appointment of the board and the entire procedure are exactly the same as in the appeal procedure described above. The procedure is initiated when the claimant sends the BCA secretary an outline of the dispute, a copy of the contract, the request for appointment of a board of arbitration, the requisite deposit and, if it is not already stated in the contract, details of the agreement between the parties to have a board of arbitration hear the dispute.