When a contract is silent with respect to the quantity of arbitrators, what is the best way for an arbitral institution to handle this issue? Should there be a default to three arbitrators rather than one arbitrator based on the claim amount? If yes, what claim amount should be considered for the default? Rather than considering the claim amount, should the default to three arbitrators be based on the complexity of the case? What are the concerns about going with one arbitrator rather than three arbitrators?
What are your thoughts?