Multiparty Arbitration Clause Samples
The Multiparty Arbitration clause establishes procedures for resolving disputes involving more than two parties through arbitration rather than litigation. It typically outlines how all parties will participate in the selection of arbitrators, the consolidation of claims, and the coordination of hearings to ensure fairness and efficiency. This clause is essential for managing complex disputes where multiple stakeholders are involved, as it streamlines the resolution process and prevents inconsistent outcomes that could arise from separate proceedings.
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Multiparty Arbitration. In case of an arbitration involving three (3) or more parties in which (i) these parties are not set in just two groups of claimants or respondents; or (ii) the parties set in the same group of claimants or respondents disagree in relation to the appointment of the respective co-arbitrator, all arbitrators shall be appointed by the Arbitration Chamber, as per the Arbitration Rules, unless all the parties to the arbitration agree otherwise.
Multiparty Arbitration. Unless otherwise agreed, if the matter in dispute under this Article 13 involves more than two parties, then within 30 days following a written request for arbitration, the parties to the arbitration, or any one of them, will promptly request that the AAA name a disinterested panel consisting of three arbiters having the qualifications set forth above, one of whom shall be designated by the AAA as the umpire. The expenses of the arbiters and umpires shall be divided equally among the parties unless otherwise agreed. Any vacancies occurring on the panel will be filled by a replacement appointed by the AAA. Unless otherwise agreed, the arbitration shall be conducted in all other respects as set forth in Article 13.2.