International Business Law and Its Environment 9th Edition by Richard Schaffer,Filiberto Agusti,Lucien Dhooge

Exercise 6

How does the function of a NAFTA arbitral panel differ from that of a binational panel? What is the standard of review in binational panel decisions? Describe the role of an extraordinary challenge committee. Why does NAFTA recommend that panelists on binational panels and extraordinary challenge committees be judges or former judges whenever possible, but allow arbitral panelists to be specialists in international business or trade?