NCMB NO. 1, S 1997

: The purpose is to establish revised expedited procedures for voluntary arbitration of labor-management disputes to promote expeditious settlement and address concerns over delay in case disposition.
: They apply to cases directly submitted by the parties to a single voluntary arbitrator involving simple issues where hearings, reception of evidence, and promulgation of decision can be completed within seven days.
: No, the decision or award rendered by the voluntary arbitrator under these procedures shall not be subject to appeal or motion for reconsideration and shall be mutually complied with by both parties as final, binding, and executory.
: The arbitrator, in agreement with the parties, fixes the date, time, and place of the hearing.
: Written notice of the hearing must be given within 24 hours or two days in advance.
: No, there shall be no post-hearing briefs under the expedited procedures.
: The award must be rendered promptly not later than seven days from the date the case was submitted to the voluntary arbitrator.
: The cost of the arbitrator's fee, which shall not exceed the minimum subsidy of P10,000, is paid by the Single Voluntary Arbitration Fund (SVAF) directly to the arbitrator at no cost to the parties.
: The AVA (Authorized Voluntary Arbitrator) attests to the minutes of the proceedings made by the arbitrator, which form part of the records of the case.