The arbitration process usually follows these steps:
Initiation: One party initiates the arbitration by filing a notice of dispute. Selection of Arbitrator: Both parties agree on an arbitrator who has expertise in catalysis. Preliminary Meeting: A preliminary meeting is held to set the timetable and procedures for the arbitration. Evidence Submission: Both parties submit their evidence and documentation. Hearing: A hearing is conducted where both parties present their case and question witnesses. Deliberation and Decision: The arbitrator deliberates and issues a decision, which is binding.
