Common use of Arbitral Tribunal Clause in Contracts

Arbitral Tribunal. The arbitral tribunal shall consist of three (3) arbitrators, of whom one shall be nominated by claimant(s) and one shall be nominated by respondent(s). The third arbitrator acting as president of the arbitral tribunal shall be nominated jointly by the two party-appointed arbitrators within 15 (fifteen) days from the confirmation of the second arbitrator, failing which the ICC shall appoint the president of the arbitral tribunal pursuant to the ICC Rules.

Appears in 12 contracts

Sources: Framework and Ipo Agreement (Brazilian Distribution Co Companhia Brasileira De Distr CBD), Operational Agreement (Cnova N.V.), Management Undertakings Agreement (Cnova N.V.)

Arbitral Tribunal. The arbitral tribunal shall consist of three (3) arbitrators, of whom one shall be nominated by claimant(s) and one shall be nominated by respondent(s). The third arbitrator acting as president of the arbitral tribunal shall be nominated jointly by the two party-appointed arbitrators within 15 fifteen (fifteen15) days from the confirmation of the second arbitrator, failing which the ICC shall appoint the president of the arbitral tribunal pursuant to the ICC Rules.

Appears in 2 contracts

Sources: Framework and Ipo Agreement (Brazilian Distribution Co Companhia Brasileira De Distr CBD), Framework and Ipo Agreement (Cnova N.V.)