Five Years – Renewal of judgment; failure to make return on execution. Six Years – Written contract for debt.The Arbitrator must set the arbitration hearing no fewer than 60 and no more than 120 days after the Notice of Appointment of Arbitrator. The Circuit Court, agreeing with the court below, held that the threemonth window in § 12 could be equitably tolled in the appropriate circumstances. Multiple courts have held that statutes of limitations simply do not apply in an arbitration proceeding without some contractual provision. Parties and counsel have five days after receipt to file objections. The statute explicitly excludes the notice-of-claim process established in. A.R.S. § 12-821.01, as well as arbitration under the Uniform Arbitration Act. A statute of limitations sets a time limit for someone to file a lawsuit, or lose the right to do so. Below you'll find details on the statutes of limitations for several different kinds of civil claims in Arizona, including citations to the relevant statutes.