This document summarizes key points about arbitration proceedings and outcomes:
1) An arbitration tribunal can declare its own jurisdiction and issue an arbitral award.
2) If a party defaults by failing to submit a statement of claims or defenses, the tribunal may admit the other party's allegations.
3) An arbitration tribunal is not required to hold hearings but can appoint experts to assist in certain matters.
This document summarizes key points about arbitration proceedings and outcomes:
1) An arbitration tribunal can declare its own jurisdiction and issue an arbitral award.
2) If a party defaults by failing to submit a statement of claims or defenses, the tribunal may admit the other party's allegations.
3) An arbitration tribunal is not required to hold hearings but can appoint experts to assist in certain matters.
This document summarizes key points about arbitration proceedings and outcomes:
1) An arbitration tribunal can declare its own jurisdiction and issue an arbitral award.
2) If a party defaults by failing to submit a statement of claims or defenses, the tribunal may admit the other party's allegations.
3) An arbitration tribunal is not required to hold hearings but can appoint experts to assist in certain matters.
- First: it can make a declaration of its jurisdiction
- Defer its chuchu as arbitral award - Read the Rules of Procedure for ICA (4.19-4.23 sa IRR) - Effect of Default of the Parties – if any of the parties, if they fail to communicate therir statement of claims or defences – default!! - If respondent in default, arbitration not terminated – allegations shall be admitted (non- response = admission by respondent) - HEARINGS – OBLIGED? Not required. Arb Tribunal – empowered to determine if hearing is needed; Arb Tribunal >> appoint experts to give light on certain matters; for it to be more educated and give fair and reasonable award. - OUTPUT: arbitral award o To be formal/legal: it must be in writing, signed by arbitrators (all members of the tribunal; if one signature is omitted, explanation is required. Copies to be furnished to all parties. - WHEN TERMINATED: upon rendering of arbitral decision o When claimant withdraws claim o Both parties agree to terminate the proceedings o When A.T. determines continuation of proceedings is for naught - IN GENERAL, what are the remedies as soon as they receive the arbitral award: o Correction in the interpretation of the arbitral award (quantification of costs) o Correction of computation, typographical errors, other errors o Correction of Awards (issues not given due course in the computation of award) o Setting Aside of the ICA award (with the Regional Trial Court where the proceedings took place; or where the asset is located; or where any of the parties reside; NCR – at the option of the application) – REG. PERIOD = 90 days (3 months) from the receipt of the award o GROUNDS (read that in the book, 4.24) – Defect in the arbitration agreement; lack or excess of jurisdiction, etc. o The Tribunal can go back to correct the error that serves as the ground for the setting aside of the ICA o > in favour; recognition of the arbitral award (sa part sa favoured sa award) – international/foreign awards; confirmation – if domestic arbitral award. o EFFECT OF RECOGNITION - by the Philippine court; it is now enforceable. (award has the force of law)