Selecting the right arbitrator is crucial for ensuring a fair and efficient
arbitration process. Here is a step-by-step guide to help you make an informed
decision.
REVIEW THE ARBITRATION AGREEMENT
Start by carefully examining the arbitration lawyer for agreement. This document may
contain specific provisions regarding the qualifications and selection process
for arbitrators. Understanding these requirements will help you adhere to the
agreed-upon terms and avoid any potential disputes later on.
PREPARE A LIST OF SUITABLE POTENTIAL ARBITRATORS
Once you have reviewed the arbitration agreement, create a list of potential
arbitrators who meet the criteria outlined in the agreement. Consider factors
such as their expertise in the relevant field, experience in arbitration,
reputation, and any professional affiliations. It is also beneficial to look for
arbitrators who have a proven track record of impartiality and fairness.
SHORTEN THE LIST AND MAKE THE CHOICE
After compiling a list of suitable candidates, narrow it down by considering
additional factors such as availability, cost, and potential conflicts of
interest. Conduct thorough background checks, and if possible, seek
recommendations from colleagues or legal professionals who have worked with the
arbitrators before. Once you have a shortlist, make your final selection based
on who you believe will best serve the interests of a fair and efficient
arbitration process.