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RECOURSE |
- Parties to a contract may provide in advance in the contract that disputes arising under or in connection with the contract will be referred to the Centre for settlement by arbitration or conciliation or other ADR.
- Parties to a dispute which may or may not be pending before a court may also agree adhoc to refer such a dispute to the Centre for resolution by arbitration or other ADR.
- Parities who refer disputes to the Centre for settlement may appoint arbitrators or conciliators, as the case may be, directly or request the Centre's assistance in selecting them from the above panel. It has to be stressed that the selection of arbitrators or conciliators is the prerogative of the parties to the dispute. The Centre may offer suggestions or recommendations if the parties fail to agree on the selection.
- The Centre has issued Arbitration Rules that will govern the initiation and conduct of arbitration proceedings under the auspices of the Centre. These are to be found in the second part of the booklet. The Arbitration Rules are deemed to be a part of any arbitration agreement between parties to a dispute that provides for arbitration under the auspices of the Centre. In due course, the Centre will formulate appropriate rules to govern mediation and conciliation proceedings.
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