Arbitration shall be conducted in court. If the investor and the futures company agree not to hold a hearing, the arbitration tribunal may not hold a hearing. During the trial, the arbitration shall not be conducted in public, or it may be conducted in public with the consent of both parties. If investors or futures companies have justified reasons, they may request an adjournment of the hearing, and whether or not to postpone the hearing shall be decided by the arbitration tribunal. If the applicant, after being notified in writing, fails to appear in court without justifiable reasons or withdraws from court without the permission of the arbitration tribunal, it may be regarded as withdrawing the arbitration application. If the respondent, after being notified in writing, fails to appear in court without justifiable reasons or withdraws from court halfway without the permission of the arbitration tribunal, it may make an award by default.