arbitrage tripartite

PHR: arbitrage tripartite non juridictionnel

OBS: In this form of arbitration, there are three arbitrators, one named by each party and one chosen by both of them. This form is useful in highly complex cases where the parties want advice from three individuals with differing expertise (such as a lawyer, a businessperson, and a scientist) and in cases in which the parties lack full confidence in a neutral arbitrator and prefer an arbitrator who will forcefully represent their interests.
PHR: non-adjudicative tripartite arbitration