Common use of Composition of Arbitral Tribunals Clause in Contracts

Composition of Arbitral Tribunals. 1. The arbitral tribunal referred to in Article 15.5 shall consist of three members. Each Party shall appoint an arbitrator within 30 days of the receipt of the request under Article 15.5. If a Party fails to appoint an arbitrator within such period, then the Arbitrator appointed by the other Party shall act as the sole arbitrator of the Tribunal.

Composition of Arbitral Tribunals. 1. The arbitral tribunal referred to in Article 15.5 4 (Appointment of Arbitral Tribunals) shall consist of three members. Each Party shall appoint an arbitrator within 30 days of the receipt of the request under Article 15.5. If a Party fails to appoint an arbitrator 4, and the two arbitrators appointed shall, within such period, then the Arbitrator appointed by the other Party shall act as the sole arbitrator 30 days of the Tribunalappointment of the second of them, designate by common agreement the third arbitrator.