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What is the loss of right to appeal? What are the legal consequences of loss of right to appeal?

If a party detects a violation of the 2010 Law on Commercial Arbitration or the arbitration agreement but continues to conduct arbitral proceedings and does not protest to the court or arbitration center within the time limit under the 2010 Law on Commercial Arbitration, that party shall lose its right to protest such violation at the arbitration or court.

When a party loses its right to appeal, such party may not complain about the decision of the tribunal or request to set aside the arbitral award due to the violation in which such party lost its right to appeal.

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