17.05.2012
In accordance with clauses 1, 2 § 17 of the Rules of the ICAC, unless otherwise is specified upon between the parties, the tribunal is formed of three arbitrators, if taking into account the complexity of the case, the amount of the claim (usually, not exceeding 25000 US dollars) and other circumstances Presidium of the ICAC does not consider the case to be settled by a sole-arbitrator.
When forming a tribunal of three arbitrators, two of them are chosen by the parties and a presiding arbitrator is nominated by the Presidium of the ICAC from the List of arbitrators. Arbitrator can be nominated by the Presidium of the ICAC - at the request of the party or in case of non-observance of the terms of formation of the tribunal stated by the Rules of the ICAC. Whatever the case, the ICAC President appoints an arbitrator from the ICAC list.
The claimant and respondent are both required to choose reserve arbitrators. Where appropriate, a reserve arbitrator is appointed by the Presidium of the ICAC.
In accordance with clause 9 § 17 of the Rules of the ICAC, if the case is settled by a sole arbitrator, the former and a reserved arbitrator are nominated by the Presidium of the ICAC from the List of arbitrators.
Formation of an Arbitral tribunal
In accordance with clauses 1, 2 § 17 of the Rules of the ICAC, unless otherwise is specified upon between the parties, the tribunal is formed of three arbitrators, if taking into account the complexity of the case, the amount of the claim (usually, not exceeding 25000 US dollars) and other circumstances Presidium of the ICAC does not consider the case to be settled by a sole-arbitrator.
When forming a tribunal of three arbitrators, two of them are chosen by the parties and a presiding arbitrator is nominated by the Presidium of the ICAC from the List of arbitrators. Arbitrator can be nominated by the Presidium of the ICAC - at the request of the party or in case of non-observance of the terms of formation of the tribunal stated by the Rules of the ICAC. Whatever the case, the ICAC President appoints an arbitrator from the ICAC list.
The claimant and respondent are both required to choose reserve arbitrators. Where appropriate, a reserve arbitrator is appointed by the Presidium of the ICAC.
In accordance with clause 9 § 17 of the Rules of the ICAC, if the case is settled by a sole arbitrator, the former and a reserved arbitrator are nominated by the Presidium of the ICAC from the List of arbitrators.
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