Law of Arbitration

1. If the two parties to arbitration fail to agree on a procedure for disqualifying an arbitrator, the party who seeks to disqualify an arbitrator shall, within five days from the date of knowledge of the formation of the arbitration tribunal or of any circumstances justifying such disqualification, submit a written statement giving grounds for the disqualification to the arbitration tribunal. If the arbitrator sought to be disqualified fails to recuse himself or the other party rejects the petition for disqualification within five days from the date of submission thereof, the arbitration tribunal shall decide on the disqualification within 15 days from the date of receipt of such petition. If the disqualification is not successful, the party seeking disqualification may petition the competent court, within 30 days, to decide on the disqualification; said court’s decision shall not be subject to any form of appeal. 2. A disqualification petition may not be accepted from a party who has previously submitted a petition to disqualify the same arbitrator in the same arbitration on the same grounds. 3. Submission of a disqualification petition before an arbitration tribunal shall result in suspension of the arbitration proceedings. An appeal against the arbitration tribunal's decision rejecting the disqualification petition shall not result in suspension of the arbitration proceedings. 4. If the petition to disqualify an arbitrator is accepted, whether by the arbitration tribunal or by the competent court when considering an appeal, all previous arbitration procedures, including the arbitration award, shall be deemed null and void.