Does the arbitration panel have the authority to adjudicate the dispute if the arbitration clause stipulates that its role is limited to amicable settlement and referring the dispute to the judiciary upon failure to reach a settlement?
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Radiif AI Legal Assistant
⚡ Quick Answer:
The arbitration panel does not have the authority to adjudicate the dispute if the arbitration clause explicitly stipulates that its role is limited to attempting amicable settlement, and that the jurisdiction for final adjudication reverts to the competent judicial authority upon failure to reach a settlement.
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