This information is available ONLY for Gafta members and must NOT be provided in any form to companies or individuals that are not Gafta members.
The Gafta Council periodically orders the publication of Defaulters on Awards of Arbitration.
The companies listed as Defaulters have either:
- failed to comply with an Award of Arbitration, as per Rule 24.1 of Gafta Arbitration Rules No. 125, or
- not paid to the Association the costs, fees and expenses of an Award of Arbitration as per Rule 24.2 of Gafta Arbitration Rules No. 125, or
- failed to comply with an Award of Arbitration, as per Rule 10.1 of Gafta Expedited Arbitration Procedure Rules No. 126, or
- failed to comply with an Award of Arbitration as per Rule 11(d) of IGPA Rules
Defaulters that have not settled the Awards of Arbitration and who were published by Council’s orders since 2011 can be viewed below:
Defaulters on Awards of Arbitration 2011-Present
For the Latest Defaulters on Awards of Arbitration, please see the Arbitration News section.
If you wish to request Gafta to initiate the defaulter process as per rule 24.1 of the Gafta 125 Rules please complete the request form, signed by a company Director. Send the signed, completed form to arbitration@gafta.com. Please ensure a full, correct and current physical address is provided as well as e-mail addresses for the defaulting party.
The Gafta defaulter process comprises of two standard form letters which are sent to the party apparently in default with copy to the reporting party. If no settlement is informed to Gafta after the first letter has been sent then a second letter will be sent 3-6 weeks later. If no settlement is made after the second letter then Gafta will request confirmation from the reporting party to bring the name of the party in default to the Gafta Council to seek their approval. Once Council has approved the posting a circular will be sent to all Gafta members informing them of the name and address of the party in default and the Gafta website will be updated to reflect the default.