Practice question
A bylaw agreement gives a designated independent third party power to appoint arbitrators. That person fails within the agreed manner and period. Under Section 181, what route is provided?
- The parties may request the SEC to appoint arbitrators
- The claimant automatically wins the merits
- Every corporate claim is extinguished
- Only the losing party may appoint the full tribunal
- The board must secretly adjudicate its own dispute
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Sections 46,181.
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