FAI Arb FAI Arbitration Rules 2024
FAI Arb
FAI Arbitration Rules 2024
19.1 Where the parties have agreed that the dispute shall be referred to an arbitral tribunal composed of three arbitrators, the arbitral tribunal shall be appointed as follows:
(a) the claimant shall nominate one arbitrator for confirmation in the Request for Arbitration;
(b) the respondent shall nominate one arbitrator for confirmation in the Answer to the Request for Arbitration;
(c) if either party fails to nominate an arbitrator for confirmation in accordance with Article 19.1(a)–(b), or within the time limit set by the Institute pursuant to Article 6.5 or 8.5, the Board shall appoint the arbitrator on behalf of the defaulting party;
(d) the claimant and the respondent may jointly nominate the third arbitrator, who shall act as the presiding arbitrator of the arbitral tribunal, for confirmation. Failing such joint nomination within 10 days from the date on which the parties received the notification from the Board of the confirmation of the second arbitrator, the Board shall appoint the presiding arbitrator.
19.2 Where the parties have not agreed on the number of arbitrators, and the Board has decided that the dispute shall be referred to an arbitral tribunal composed of three arbitrators, the arbitral tribunal shall be appointed as follows:
(a) the claimant shall nominate one arbitrator for confirmation within 10 days from the date on which the claimant received the notification from the Institute of the number of arbitrators;
(b) the respondent shall nominate one arbitrator for confirmation within 10 days from the date on which the respondent received the notification from the Institute of the arbitrator nominated by the claimant;
(c) if either party fails to nominate an arbitrator for confirmation in accordance with Article 19.2(a)–(b), or within such other time limit as the Institute may have set, the Board shall appoint the arbitrator on behalf of the defaulting party;
(d) the provisions of Article 19.1(d) shall apply to the appointment of the presiding arbitrator.
Imported: