Section 11 of ACA : Section 11: Appointment Of Arbitrators

ACA

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Explanation using Example

Imagine a scenario where a U.S. based company, 'TechGlobal Inc.', enters into a contract with an Indian company, 'InnovateNow Pvt. Ltd.', to develop a software product. The contract contains an arbitration clause that specifies the use of arbitration for resolving any disputes under the contract. The clause states that there will be three arbitrators: one appointed by each party and the third, a presiding arbitrator, to be appointed by the two chosen arbitrators.

Disagreement arises over the delivery of the software, and both parties decide to invoke arbitration. 'TechGlobal Inc.' appoints its arbitrator within the agreed timeframe, but 'InnovateNow Pvt. Ltd.' ...

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