About Us BMR Objectives BMR Mission BMR Activities BMR Members BMR Arbitration Procedure Guidelines Post Arbitration Membership Contact Us BMR Arbitration Guidelines In case both parties want the case to be decided by the Arbitration Committee, then both parties have to pay a deposit of 25% each of the claimed value to the BMR Arbitration Committee, who will study the case in detail, have a personal one on one hearing with both parties & give their Final Decision. If the Committee is not able to take a decision on one sitting, then the Committee will give date, time & venue for further hearings. The decision of the Arbitration Committee shall be final and binding on both the parties. When the Arbitration Committee will give their Verdict, The defaulted party will have to pay for all direct costs, travel expenses of the favoured party if he is not residing in UAE and has come only for attending the hearing, along with the settled claim amount to the BMR, who shall reimburse the amount to the favoured party after deducting 3% of the settled claim amount or US$ 1,000.00, whichever is higher. In case the defaulted party fails to pay the settled claim amount along with the direct costs and travel expenses of the favoured party to the BMR within the 15 days from the date of Verdict or refuse to accept the Verdict of the Arbitration Committee, then such defaulted party’s name will be published as “Unreliable Party (Supplier/Buyer)” and the 25% of the claim amount deposited by him to the BMR shall be forfeited and the said amount will be paid to the favoured party after deducting 3% of the settled claim amount or US$ 1,000.00, whichever is higher. Also in both the cases, 25% deposit of the favoured party shall be returned back to him.   Tel. +971 4 313 2331 Fax : +971 4 313 2332 P.O. Box : 31303, Dubai - U.A.E Email:info@bmr.ae