Examveda
Examveda

Parties 'A' and 'B' have agreed on the seat of arbitration. The same

A. Can be changed by the Arbitral Tribunal unilaterally

B. Cannot be changed at all

C. Can be changed by the agreement of parties

D. Cannot be changed by the parties unless Arbitral Tribunal permits

Answer: Option C


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An Arbitration Agreement dated 1st December, 2018 provides for reference of disputes to four arbitrators with two to be appointed by each of the parties. The Arbitration Agreement:

A. Is void and non-actionable

B. Is to be construed as being of reference of disputes to a sole arbitrator

C. Is to be construed as being of reference of disputes to three arbitrators

D. Is to be construed as being of reference of disputes to five arbitrators with the fifth arbitrator being nominated by the two arbitrators of each party