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BANI TIMELINE

30 Days 14 Days
Until + +
10 Days 10 Days 10 Days 10 Days Payment 3 Days 14 days 14 days 14 Days

First deposit BANI send BANI send BANI send BANI send Applicant BANI issue The Parties/ Challenge/ BANI
payment written written written written pay the rest payment BANI recusal of establish
(50%) from notification notification notification notification of receipt and establish an the
applicant to the to the to the to the arbitration its tax Arbitration Arbitrator composition
respondent respondent respondent applicant to costs invoice Tribunal by the of the
to pay (50%) to pay (50%) to pay (50%) pay the rest panel and parties Arbitration
for the for the for the of send written Tribunal
arbitration arbitration arbitration arbitration notification after
proceeding proceeding proceeding costs to applicant challenge or
by mail by mail by mail and recusal
(attempt #2) (attempt #3) respondent
of the first
proceedings

If there is no If there is no
respond respond
from from
respondent respondent
Note: If there is no respond from the respondent after the thirds attempt, arbitration proceeding will continue without the respondent.

180 Days
Unless agreed
otherwise 30 Days 14 Days

Commencement of Completion of BANI issue the final BANI will convey the
arbitration proceedings arbitration proceedings arbitration Award signed arbitration Award
to the parties

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