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  • 7.12.8-ARBITRATION-TECHNICAL: AWARD AND APPEAL

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  • Technical: Award and appeal

     
     

    The award must be made within five business days of the arbitrators receiving copies of the transcript of the proceedings.

    If the award is to be contested, an appeal must be filed within two business days of receipt of the award on form D in triplicate, duly signed, notarized and accompanied by the requisite fee. Five new arbitrators are selected to hear the appeal. They can review only the original documents and transcripts; no new evidence may be submitted. Their decision is final. The appeal award must be made within five business days of the arbitrators receiving the transcript of the hearings.

    Settlement of the award must be within seven calendar days of the date of receipt of the notice of the award by the unsuccessful party.