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September 04, 2014
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A party who knows that any non-mandatory provision of the law governing the arbitration, or any requirement under the arbitration agreementincluding Arbitration Rules, has not been complied with and yet proceeds with the arbitration without promptly stating her/his objection or, if a time limit is provided therein, within such period of time, shall be deemed to have waived her/his right to object.

Subject to Rule 38 (Correction, amplification and interpretation of an award, additional award), by agreeing to arbitration under these Rules, the parties undertake to carry out the award immediately and without delay, and they also irrevocably waive their rights to any appeal insofar as such waiver may be validly made and the parties further agree that an award shall be final and binding on parties from the date it is made.
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