The trial period of commercial arbitration is generally three years, and the longest is twenty years. The parties to commercial arbitration are equal, the arbitration matters have rules to follow, and the content of the dispute is property. If there is no time limit for making an award in the arbitration law involving various fields, the administrative departments of the state or localities shall make it clear when formulating arbitration rules.
Scope of commercial arbitration
The scope of acceptance of commercial arbitration includes various contract disputes such as sale, gift, loan, lease, entrustment, punishment, processing contract, technology, construction, real estate, product quality, transportation, warehousing, finance, securities, insurance, futures, investment, copyright, patents, trademarks, foreign-related economic and trade, maritime affairs, etc.
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Legal basis: Article 74 of the Arbitration Law.
Where the law provides for the limitation of arbitration, such provisions shall prevail. If the law does not stipulate the limitation of arbitration, the limitation of action shall apply.
Article 188 of the Civil Code
The limitation period for requesting protection of civil rights from the people's court is three years. Where there are other provisions in the law, those provisions shall prevail.
The limitation period of action shall be counted from the date when the creditor knows or should know that the right is damaged and the debtor knows it. Where there are other provisions in the law, those provisions shall prevail. However, the people's court shall not protect the rights that have been damaged for more than 20 years. Under special circumstances, the people's court may decide to extend the time according to the application of the obligee.