HOW LONG DOES ARBITRATION LAST?
The period available to the arbitrator to make the award is six months from the date of response to the claimant’s allegations by the defendant. This means that when arbitration is initiated the parties already know the date that the conflict will be resolved without further ado.
The award is notified to the parties, who may, if appropriate, seek clarification, correction or addition within the legally established deadlines. The award, and if appropriate the decision of the arbitrator as to clarifications, corrections or additions requested, terminates the proceedings and the role of the arbitrator.
The final award can only be challenged by way of an action for judicial review on the basis of formal defects or infringement of the fundamental principles of law.