Extract to table

Invocation of Treaty Article 22 — Mandatory Arbitration Article 22 of the Treaty provides, in relevant part, that any dispute arising out of or relating to the Treaty, including but not limited to disputes concerning the interpretation, performance, or breach thereof, shall be resolved exclusively by binding arbitration

Article 22 specifies that any such arbitration shall be conducted in accordance with the Rules of the AIDA Reinsurance and Insurance Arbitration Society — U

"), as in effect at the time the demand for arbitration is made, and shall be heard by a three-member arbitration panel

Article 22 further provides that the seat of arbitration shall be New York, New York

The two party-appointed arbitrators shall thereafter select a neutral umpire to serve as the third member and chair of the arbitration panel

Upon the appointment of both party-appointed arbitrators, the two arbitrators shall select the neutral umpire in accordance with the procedures set forth in Article 22 of the Treaty and the ARIAS-U