FAI Arb FAI Arbitration Rules 2024
FAI Arb
FAI Arbitration Rules 2024
20.1 Where there are more than two parties in the arbitration, the arbitral tribunal shall be appointed in accordance with the provisions of Articles 20.2 and 20.3.
20.2 Where the dispute shall be referred to a sole arbitrator:
(a) the claimant(s) and the respondent(s) may jointly nominate the sole arbitrator for confirmation within 10 days from the date on which the Answer was received by the claimant(s);
(b) where an additional party has been joined pursuant to Article 11, it may nominate the sole arbitrator for confirmation jointly with the claimant(s) and the respondent(s);
(c) if the claimant(s) and the respondent(s) fail to nominate the sole arbitrator for confirmation in accordance with Article 20.2(a)–(b), or within such other time limit as the Institute may have set, the Board shall appoint the sole arbitrator.
20.3 Where the dispute shall be referred to an arbitral tribunal composed of three arbitrators:
(a) the claimant or multiple claimants, jointly, shall nominate one arbitrator for confirmation in the Request for Arbitration;
(b) the respondent or multiple respondents, jointly, shall nominate one arbitrator for confirmation in the Answer to the Request for Arbitration;
(c) where an additional party has been joined pursuant to Article 11, it may nominate an arbitrator for confirmation jointly with the claimant(s) or with the respondent(s);
(d) if the claimant(s) and the respondent(s) have each nominated an arbitrator for confirmation in accordance with Article 20.3(a)–(c), or within such other time limit as the Institute may have set, the provisions of Article 19.1(d) shall apply to the appointment of the presiding arbitrator;
(e) if the claimant(s) or the respondent(s) fail to nominate an arbitrator for confirmation within the applicable time limit, the Board may in its discretion:
(i) appoint the arbitrator on behalf of the defaulting claimant(s) or respondent(s), and appoint the presiding arbitrator; or
(ii) revoke any confirmation or appointment made, appoint all three arbitrators and designate one of them as the presiding arbitrator.
Imported: