Common use of Composition of Arbitral Tribunals Clause in Contracts

Composition of Arbitral Tribunals. 1. Each Party shall, within 30 days after the date of receipt of the request for the establishment of an arbitral tribunal, appoint one arbitrator who may be a national of its country and propose up to three candidates to serve as the third arbitrator who shall be the Chair of the arbitral tribunal. The third arbitrator shall not be a national of the country of either Party, nor have his or her usual place of residence in the country of either Party, nor be employed by either Party, nor have dealt with the dispute in any capacity.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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