How can two parties choose a three-member arbitration tribunal?

When forming a three-member arbitration tribunal, the selection process is a critical component of arbitration. Typically, the two parties involved in the dispute each select one arbitrator. These two chosen arbitrators then select a third member, who serves as the chairman of the tribunal.1

The parties may manage this selection process themselves, or they may choose to entrust the appointment of the arbitrators to an organization that administers commercial arbitration, such as a trade association, produce exchange, or chamber of commerce. These organizations often maintain panels of expert arbitrators and operate under preestablished rules of procedure to facilitate the selection.1