Appointment of arbitrators

Appointment of arbitrators.—(1) A person of any nationality may be an arbitrator, unlessotherwise agreed by the parties.(2) Subject to sub-section (6), the parties are free to agree on a procedure for appointing the arbitratoror arbitrators.(3) Failing any agreement referred to in sub-section (2), in an arbitration with three arbitrators, eachparty shall appoint one arbitrator, and the two appointed arbitrators shall appoint the third arbitrator whoshall act as the presiding arbitrator.

In institutional arbitration, who appoints the arbitrators?  A. Parties involved in the dispute  B. Institutions administering the arbitration  C. courts of law  D. Independent third-party organizations

Which of the following is not a qualification for being an arbitrator?Multiple choice question.ImpartialityHonestyLaw licensureSubject-matter competence

What are the characteristics of ad hoc arbitration?  A. Parties select arbitrators  B. Institution provides arbitrators  C. Formal rules govern proceedings  D. Proceedings follow strict legal procedures

Arbitration involves a final and binding decision made by an arbitrator.Group of answer choicesfalsetrueNext