Book contents
- Frontmatter
- Contents
- Foreword
- Preface
- 1 Introduction to International Commercial Arbitration
- 2 The Arbitration Agreement
- 3 Drafting the Arbitration Agreement
- 4 Applicable Laws and Rules
- 5 Judicial Assistance for Arbitration
- 6 The Tribunal
- 7 The Arbitral Proceedings
- 8 The Award
- 9 Attempts to Set Aside an Award
- 10 Enforcement of the Award
- 11 Investment Arbitration
- Appendices
- Index
6 - The Tribunal
- Frontmatter
- Contents
- Foreword
- Preface
- 1 Introduction to International Commercial Arbitration
- 2 The Arbitration Agreement
- 3 Drafting the Arbitration Agreement
- 4 Applicable Laws and Rules
- 5 Judicial Assistance for Arbitration
- 6 The Tribunal
- 7 The Arbitral Proceedings
- 8 The Award
- 9 Attempts to Set Aside an Award
- 10 Enforcement of the Award
- 11 Investment Arbitration
- Appendices
- Index
Summary
Because arbitration is a private dispute resolution process lacking some of the safeguards of a national legal system, the quality of the tribunal has a significant impact on maintaining parties' confidence in arbitration as a system that works. This chapter will focus on issues of the tribunal's appointment, qualifications, and duties – all of which bear on the integrity of the process, and on the efficiency and effectiveness of the dispute's resolution.
APPOINTMENT OF ARBITRATORS
Choosing arbitrators who will preside over the proceedings and issue an award is perhaps the most important thing a lawyer does with respect to resolving the client's dispute. The skill, experience, and knowledge of the arbitrators will have a significant impact on the quality of the process and of the award. In addition, arbitrators are fundamentally more powerful than judges, because unlike judges, their decision usually cannot be overturned on the basis of fact or law. An arbitrator can misinterpret the law, or make an egregious mistake based on the facts of the case, and counsel will generally be unable to vacate the award resulting from the mistakes. Thus, it behooves lawyers to plan carefully how they are going to select their decision- makers.
How Many Arbitrators?
In a commercial arbitration, usually either one or three arbitrators are appointed. A number of considerations should affect the decision whether to choose one arbitrator or three.
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- Information
- Publisher: Cambridge University PressPrint publication year: 2008