ARBITRATION PROCEEDINGS AT VIAC

(under the CSPA dated 07 Sep 2023 and the applicable laws)

Reach an agreement on dispute

Dispute Send notice of dispute Negotiation Yes
settlement

No

Notes:
7 days VIAC appoints arbitrator on
CLAIMANT The Claimant submits the request of Claimant
10
Request for Arbitration to
RESPONDENT days
VIAC and appoints arbitrator Take necessary
action to maintain
VIAC arbitral proceeding
VIAC sends Notifications,
rights:
Statement of Claim, and other
- full payment of the
documents to the Respodent
arbitration costs;
- the Respondent
- The Parties submits Statement
request the 30 of Defense.
Tribunal to
days
summon the
witnesses to The Respondent submits 10 days
attend the Statement of Denfense and 30 days
hearing. a counterclaim (if any) to
- At the VIAC, and chooses the 2nd
request of a arbitrator
party, VIAC
15 VIAC appoints 2nd
may order 2nd arbitrator is chosen by
days if arbitrator on request of OR
interim the Respondent
Respondent Respondent
measures 7 days
or
applicable.
VIAC
appoints
2nd
arbitrator 02 appointed arbitrators elect the
3rd arbitrator to be Presiding
Arbitrator, if not, Chairman of
VIAC will appoint

Establishment of the Tribunal of

03 arbitrators

The Tribunal decides on the establishment of

arbitral hearing

at least 15
days The Tribunal sends a summons to attend a
Arbitral Hearing
hearing

30
days

Arbitral Award
Specific
timeline for
the losing
party to
willingly and
voluntarily
implement
the Award
Implement the Award
No Yes

The winning party brings the

Award to the Civil Law Enforcement
Enforcement Agencies for
enforcement