This is one example of how your IEAC arbitration story may develop.
1. You have a contract with B and a dispute arises.
2. You have an arbitration clause in your agreement with B.
3. You send us a Request for Arbitration, along with the registration fee.
4. We review the request and find that there is an arbitration agreement that we can administer, we will send you a list of arbitrator candidates , along with their rates and qualifications, for your to rank, with a confirmation of the deadline by which you must respond.
5. We also send to B, a copy of your Request for Arbitration, and a registration fee payment request as well as a confirmation of its deadline (15 Business Days after it has received your Request for Arbitration) for filing with us and you, a response to your claims and any counterclaims they wish to make.
6. We do not receive the registration fee from B. We send you notification giving you the option of paying B’s registration fee so the arbitration may proceed.
7. We receive the registration fee from B after a second reminder. We send B a list of arbitrator candidates, along with their rates and qualifications, for B to rank, with a confirmation of the deadline by which you must respond.
8. The responses are received within the appropriate deadlines and we appoint the arbitrators to the Tribunal
9. Within the 10 Business Day deadline you send your response to B’s counterclaims.
10. Since your dispute is not very complex, the Tribunal decides that not third party submissions, such as reports from expert(s), with be required.
11. B makes a request for oral hearings but you do not wish to delay. The Tribunal considers whether oral hearings are absolutely necessary for both sides to reasonably put their case forward or whether B will be treated unfairly if there are no hearings. The Tribunal decides to disallow hearings.
12. The Tribunal declares the party submissions closed after it reviews your and B’s submissions.
14. The Tribunal decides on all issues in the submitted claims, and drafts and issues a final award along with allocation of costs, within 4 weeks of declaring party submissions closed.
15. B does not comply with an award. So, you move to enforce the award, as a New York Convention award, in a jurisdiction where you think B has assets.
End of Story.