Current location - Trademark Inquiry Complete Network - Overdue credit card - Is the decision of the Credit Card Arbitration Committee legally binding?
Is the decision of the Credit Card Arbitration Committee legally binding?

The arbitration committee’s award is obviously legally effective. Our country’s laws clearly stipulate that the arbitration committee can make judgments based on the arbitration applications submitted by the parties. The resulting judgment is legally effective. Specifically The determination shall be made based on the actual situation.

1. Is the arbitration committee’s ruling legally binding? The arbitration committee’s ruling is legally binding. If one party fails to perform, the other party can apply to the court for enforcement. According to Article 51 of the Labor Dispute Mediation and Arbitration Law of the People's Republic of China, the parties shall perform legally effective mediation documents and awards within the prescribed time limit. If one party fails to perform within the time limit, the other party may apply to the People's Court for enforcement in accordance with the relevant provisions of the Civil Procedure Law. The people's court that accepts the application shall implement it in accordance with the law.

II. Handling of Arbitration Matters 1. Handling agency: Legal Affairs Department of the local judicial bureau, which shall submit necessary documents to the registration authority. 2. Processing time limit: The approval time limit is 10 days (that is, the local judicial bureaus shall register the establishment of arbitration committees that meet the establishment conditions within 10 days from the date of receipt of the application for establishment registration certification materials, and issue a registration certificate; to those that meet the establishment conditions, , but if the documents provided do not meet the requirements, they will be registered after requesting supplements and corrections; if the documents do not meet the conditions, they will not be registered, and the reasons for non-registration and remedies will be informed). 3. Qualifications of the applicant: (1) Have its own name, address and articles of association; (2) Have necessary property; (3) Have members of the committee; (4) Have an appointed arbitrator. Note: Registration of establishment is required. The following documents should be submitted to the registration authority: (1) Provide an application for the establishment of an arbitration committee; (2) Provide the documents establishing the arbitration committee from the people's government of the city that established the arbitration committee; (3) Provide the charter of the arbitration committee; (4) Provide the necessary documents Proof of funds; (5) Provide proof of residence of the arbitration committee; (6) Provide copies of letters of appointment from the members of the arbitration committee; (7) Provide a list of arbitrators to be appointed. 4. Procedures: To establish an arbitration committee, registration must be made with the local judicial bureaus; the registration of the establishment of the arbitration committee by the local judicial bureaus shall be effective from the date of registration, shall be announced, and shall be reported to the Ministry of Justice for record. 5. Basis for handling: "Arbitration Law of the People's Republic of China" and "Interim Measures for the Registration of Arbitration Commissions" In judicial practice, it is very common for citizens to initiate administrative arbitration for relevant acts. Under normal circumstances, the above provisions should be strictly followed. The law clearly stipulates the specific opinions of arbitration. However, if a crime is involved, a lawsuit needs to be filed and the court will make a decision.