Appointment of arbitrators, Business Law and Ethics

Assignment Help:

Appointment of Arbitrators

However under sec 12(1) the parties are free just for agree on the procedure of appointing arbitrators.

Therefore under sec 31(1) the parties are free for determine and search the number of arbitrators

Arbitrators may be appointed through as;

(a) The parties to the dispute and

(b) A third party or body appointed through the parties and

(c) High Court upon application in the giving circumstances as where

  1. As the parties fail to agree as to that who to appoint as the arbitrator
  2. As either party has failed to appoint its arbitrator with thirty days of a request of a receipt through the other party to do so. And
  3. Whereas the two arbitrators appointed fail to appoint a third

Once appointed an arbitrator must enter upon its duties with reasonable dispatch.  Whether as he may be removed from the office; for like

  1. Inability to perform
  2. Or for failure to act without undue delay

Conversely the arbitrator is free to withdraw from office.


Related Discussions:- Appointment of arbitrators

Collecting banker, Collecting Banker Furthermore a collecting banker i...

Collecting Banker Furthermore a collecting banker is protected through the following provisions: like; (i)Bills of Exchange or Swap Act.  with S.82 (1) provides such a ban

Agency law - agency and partnership, Agency Law - Agency and Partnership ...

Agency Law - Agency and Partnership Sources of Agency Law However the law of agency in the US is based on the common law rules that have been developed through the Engl

Liquidators powers, Liquidators' Powers:                              ...

Liquidators' Powers:                                       The liquidator (in any type of liquidation) has numerous statutory powers but in the exercise of some of them he mus

Forms of action, Forms of action: A minority of shareholders or an ind...

Forms of action: A minority of shareholders or an individual shareholder suing under one of the above exceptions may institute one of the following actions i) A personal ac

Choice of method - reconstructions , Choice Of Method: There are three...

Choice Of Method: There are three statutory methods to be considered:          Where one company offers to acquire the shares of another company and its offer is accepted b

Options for addressing phoenix activity , Stakeholders emphasised that a c...

Stakeholders emphasised that a coordinated, whole of government approach is necessary to mitigate phoenix activity. Stakeholders also emphasised that options should recognise th

Treaty on principles governing the activities of states, Treaty on Principl...

Treaty on Principles governing the activities of States The Treaty on Principles governing the activities of States in the Exploration and Use of Outer space, including the mo

Analyse the extent of the criminal liability, One night Mr Kokintou and Ms ...

One night Mr Kokintou and Ms Mangetou, entered into a housethrough a window which was negligently left open by the owner of the house.  Whilst Ms Mangetou was keeping guard at the

State the third approach to antitrust agency, State the third approach to a...

State the third approach to antitrust agency A third approach to antitrust agency interaction is the bilateral cooperation and coordination theory. This model for how an agency

Law institutions and delegation of authority, Law institutions and delegati...

Law institutions and delegation of authority How time-consistency plays a significant role in policy process. The problems induced by the heterogeneity leading to the problem o

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd