SECTION 29 — Challenge of validity

29.1 Any party who intends to challenge the recognition of the award and its binding and res judicata effects which apply by operation of the provisions of article 27 above shall apply to the Court by a motion on notice served on the other party. 29.2 The challenge of the validity of the award shall only be admissible if the parties have not waived this possibility in their arbitration agreement. It may only be based on one or several of the grounds enumerated hereafter in article 30 (6) for the challenge of an exequatur. 29.3 The application shall be filed as soon as the award is rendered. It shall no longer be admissible if it is not filed within two (2) months of notification of the award as provided for in article 25 above. 29.4 The Court shall hear and determine the matter in accordance with its rules of procedure. 29.5 If the Court refuses the recognition and the res judicata effect of the award, it shall annul the award. It shall re-hear the matter on the merits if the parties have so requested. If the parties have not requested the Court to re-hear the matter on the merits, the proceeding shall, upon the application of the most diligent party, resume before the arbitral tribunal, where necessary, from the last act of the arbitral tribunal considered valid by the Court.