Justifiable Ground for the Independence or impartiality of the Arbitrator:- Arbitrator’s direct or indirect interest in the dispute

Justifiable Ground for the Independence or impartiality  of the Arbitrator:-

  Arbitrator’s direct or indirect interest in the dispute

17. The arbitrator holds shares, either directly or indirectly, in one of the parties or an affiliate of one of the parties that is privately held.

 18. A close family member of the arbitrator has a significant financial interest in the outcome of the dispute.

 19. The arbitrator or a close family member of the arbitrator has a close relationship with a third party who may be liable to ' recourse on the part of the unsuccessful party in the dispute.

 Explanation l.~ The term, “close family member” refers to a spouse, sibling, child, parent or life partner.

Explanation 2.— The term “affiliate” encompasses all companies in one group of companies including the parent company. Explanation 3.-— For the removal of doubts, it is clarified that it may be the practice in certain specific kinds of arbitration, such as maritime or commodities arbitration, to   draw arbitrators from a small, specialised pool. If in such fields it is the custom and practice for parties frequentlyI to appoint the same arbitrator in different cases, this 'is a relevant fact to be taken into aeoount while applying the rules set out above.’.

• The Fifth Schedule:-Arbitration Act 2015, Justifiable ground for the independence or impartiality of the Arbitrator
•   Arbitrator’s direct or indirect interest in the dispute

• Relationship between arbitrator and party and others involved in the arbitration Matters.

• Arbitrator’s relationship with the parties or counsel

•  Relationship of the arbitrator to the dispute
•  Previous services for one of the parties or other involvement in the case of arbitration Matter