Even when parties have recorded arrangements meticulously in contracts it is possible that disputes arise. In the case provisions for arbitration through UNUM have been included in the contract you can consider to commence arbitration proceedings.
In order to do this a notice of arbitration must be given to the counter party in writing with a description of the dispute. Arbitration shall be deemed to have commenced as soon as the UNUM foundation has received a copy of the notice of arbitration to the respondent.
In short, you need to take two steps to commence arbitration proceedings. Arbitration proceedings will only be deemed to have been commenced according to the UNUM arbitration rules once both steps are completed:
- notice of arbitration to the respondent, and
- copy of the notice of arbitration to UNUM’s secretariat.
Article I of the rules sets out all the provisions for giving notice of arbitration and appointing arbitrators.
Speedy dispute resolution at reasonable cost
Arbitral awards are enforceable in more than 150 jurisdictions under the New York Convention (1958), which includes countries that are not a party to bilateral judicial enforcement treaties. In the light of political developments worldwide and in particular, in Europe, it is noticeable that an arbitral award will be enforceable in the United Kingdom even since the United Kingdom is no longer an EU member.
By choosing UNUM arbitration, you are opting for qualitative and speedy dispute resolution at a reasonable cost.
Professional, transparent, independent and reliable
UNUM Transport Arbitration & Mediation stands for a professional, transparent, independent and reliable platform that might unite parties in finding a solution to resolve their dispute in mediation or provide a decision by rendering an arbitral award in order to relieve parties from an unresolved issue. UNUM offers a platform and services for professional specialised extrajudicial dispute resolution in shipping, shipbuilding, transport, logistics, and international trade.