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CAF-4 · Chapter 15 · Question 5 of 9

In an arbitration agreement where each party appoints one arbitrator, what is the default rule for appointing an 'umpire' if the agreement is silent on the matter?

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Reveal answer & explanation

Correct answer: B) The arbitrators shall appoint an umpire within a month of their appointments.

Explanation

In the absence of a contrary intention, when an even number of arbitrators are appointed, the arbitrators themselves shall appoint an umpire within one month of their appointment.

All 9 questions in Chapter 15Anti-money laundering and electronic payments MCQs with answers

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