Dispute boards are independent and impartial bodies established to address and resolve conflicts that may arise during the course of a project or contractual relationship. Comprising qualified and experienced professionals with expertise in the relevant technical field, dispute boards offer a proactive approach to dispute resolution. Their primary purpose is to provide timely and efficient resolution of disputes, avoiding costly and time-consuming litigation or arbitration.
Parties involved in a project or contract often agree to submit disputes to the dispute board, granting the board the authority to make impartial decisions and recommendations to resolve issues swiftly. The decisions of dispute boards are non-binding but serve as valuable input to facilitate amicable settlement discussions between the parties. Dispute boards play a vital role in enhancing project management, fostering cooperation, and maintaining positive relationships among parties involved in complex undertakings.
To register a new case, please send your application to info@tccadr.org or click the form below.
Any dispute or difference arising out of or in connection with this contract shall be referred to a Dispute Board ('the Board') for resolution. The Board shall consist of [insert number] independent and impartial experts, possessing relevant qualifications and experience in the technical field of the project. The parties agree to appoint the Board members promptly after the dispute arises. The members of The Board shall be appointed from the panel of TCC ADR Centre. The Board's decision shall be final, conclusive, and binding on both parties, who shall implement the resolution without delay. The Board shall conduct its proceedings in accordance with the rules and procedures specified in the 'Dispute Boards Rules' of TCC ADR Centre. The costs of the Board, including its members' fees and expenses, shall be borne equally by the parties unless the Board directs otherwise in its decision.
Payment of fees and costs could be made by bank transfer at the following details:
Account | TCC ADR Centre |
Bank | Bank Al-Falah Limited, DHA Phase V Branch, Lahore, Pakistan |
Account number | 09601008103213 |
IBAN | PK96ALFH0960001008103213 |
Currency | PKR |
Note:
It is important to include the name of the payer and, if applicable, the case reference to the payment for its prompt and accurate crediting. A copy of the proof of payment should be provided, so that the respective transfer is located in the TCC’s accounts.
All payments must be free of any charges that may occur at the sending and/or receiving bank. TCC shall bear no responsibility with regards to any currency conversions that might be applied by the sending and/or the receiving bank or to any currency fluctuations, which might overall affect the payment of fees and costs.