American Arbitration Association - International Arbitration Rules
As Amended and Effective September 1, 2000

III. General Conditions

Applicable Laws and Remedies

138

Article 28

139

1. The tribunal shall apply the substantive law(s) or rules of law designated by the parties as applicable to the dispute. Failing such a designation by the parties, the tribunal shall apply such law(s) or rules of law as it determines to be appropriate.

140

2. In arbitrations involving the application of contracts, the tribunal shall decide in accordance with the terms of the contract and shall take into account usages of the trade applicable to the contract.

141

3. The tribunal shall not decide as amiable compositeur or ex aequo et bono unless the parties have expressly authorized it to do so.

142

4. A monetary award shall be in the currency or currencies of the contract unless the tribunal considers another currency more appropriate, and the tribunal may award such pre-award and post-award interest, simple or compound, as it considers appropriate, taking into consideration the contract and applicable law.

143

5. Unless the parties agree otherwise, the parties expressly waive and forego any right to punitive, exemplary or similar damages unless a statute requires that compensatory damages be increased in a specified manner. This provision shall not apply to any award of arbitration costs to a party to compensate for dilatory or bad faith conduct in the arbitration.

American Arbitration Association - International Arbitration Rules As Amended and Effective September 1, 2000

I. Commencing the Arbitration

Notice of Arbitration and Statement of Claim

Statement of Defense and Counterclaim

Amendments to Claims

II. The Tribunal

Number of Arbitrators

Appointment of Arbitrators

Impartiality and Independence of Arbitrators

Challenge of Arbitrators

Replacement of an Arbitrator

III. General Conditions

Representation

Place of Arbitration

Language

Pleas as to Jurisdiction

Conduct of the Arbitration

Further Written Statements

Notices

Evidence

Hearings

Interim Measures of Protection

Experts

Default

Closure of Hearing

Waiver of Rules

Awards, Decisions and Rulings

Form and Effect of the Award

Applicable Laws and Remedies

Settlement or Other Reasons for Termination

Interpretation or Correction of the Award

Costs

Compensation of Arbitrators

Deposit of Costs

Confidentiality

Exclusion of Liability

Interpretation of Rules

ADMINISTRATIVE FEES

Metadata

Manifest

American Arbitration Association - International Arbitration Rules As Amended and Effective September 1, 2000

III. General Conditions

Applicable Laws and Remedies

Article 28

American Arbitration Association - International Arbitration Rules
As Amended and Effective September 1, 2000

American Arbitration Association - International Arbitration Rules
As Amended and Effective September 1, 2000