What happens if the Claimant fails to submit its statement of claim as required by the law and agreed-upon procedures?
If the Claimant fails, without a valid excuse, to submit its statement of claim in accordance with the law and agreed procedures, the Arbitral Tribunal may decide to terminate the proceedings if it believes there is undue and unjustified delay on the part of the Claimant, causing either impossibility to reach a fair solution or prejudice to the Respondent.