【Daily Question】Utilities - Civil Engineering - 20190626

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This post was last edited by hesonchang214 on 2019-7-10 at 16:32. Arbitration is a process in which the parties involved reach an agreement before or after a dispute arises, and voluntarily submit the dispute to a third party for decision-making; in the event of a dispute arising in arbitration, the method of resolving it is ( ). A. Since the arbitration institution itself does not have any coercive power, the parties are not obligated to abide by the arbitration decision. B. After the award is issued, if one party is dissatisfied, it can apply to another arbitration institution for a ruling. C. After the award is issued, if one party is dissatisfied, it can file a lawsuit in the people’s court. D. Once the award is issued, it takes effect immediately, and the parties cannot apply for arbitration again or file a lawsuit in the people’s court. Answer: D