Speed: In arbitration, the controversy will be resolved within the time-period stipulated between the parties; according to our experience, the average time is around 18 months.
Confidentiality: Unlike litigation, which is public, arbitration is confidential, and no information related to it can be disclosed, except to the extent as determined by law.
Specialty: The arbitrator can be an expert in the matter under discussion. The Chamber also counts on a highly-qualified List of Arbitrators, with professionals of varied profiles with renowned technical qualifications.
Arbitration can be used to resolve controversies involving alienable rights over assets, interests or property, that is, those which can be the subject of compromise between the parties. The Chamber administers arbitral proceedings concerning disputes in both civil and commercial areas. Services can be requested by anyone in the society, either individuals or legal entities, and within the domestic or international spheres, including governments and government entities.
Before the conflict arises, upon inclusion of an arbitration clause in the agreement between the parties; that is, the parties establish that any controversy arising from that agreement will be decided by arbitration, under the Ciesp/Fiesp Chamber of Conciliation, Mediation and Arbitration Rules.
If no arbitration clause is in place, the parties may opt for arbitration by making a submission agreement (a commitment to arbitrate on a specific dispute), which will provide for the iden-tification of the parties, the arbitrators, the subject-matter of the dispute, the place where the arbitral award will be rendered, as well as the choice of the Ciesp/Fiesp Chamber of Conciliation, Mediation and Arbitration to administer the arbitral proceedings.
The arbitrator. The Arbitral Tribunal will be composed of 3 arbitrators . However, the parties may decide to solve the dispute by a single arbitrator.
Any competent person who is trusted by the parties. The arbitrator cannot have any connection with the parties and must decide the matter submitted to him or her according to his or her conscience. Arbitrators must be independent, impartial, competent, diligent, and discreet.
To initiate arbitral proceedings, a party must submit a request to the Chamber Secretariat indicating the existence of an agreement to arbitrate, the subject-matter of the arbitration, the amount of the claim, the other parties' full name and data, as well as a copy of the contract and any other relevant documents concerning the dispute, and pay for the applicable registration fee.