The undertaking, if any, given by the parties with respect to the payment of the arbitrators’ fees, pursuant to Article 814(2) and (3) of the Code of Civil Procedure, is relevant for the purposes of an enforceable title but does not bind the parties as to the quantification of the arbitral fees proposed by the arbitrators in the award.
The undertaking given by the parties for the payment of the arbitrators’ fees does not constitute an acknowledgment of debt and, accordingly, the claim for arbitral fees is not certain in amount on the basis of the undertaking alone.