Where the articles of association of a consortium company with limited liability provide for an arbitration clause submitting to arbitrators disputes concerning the interpretation and execution of the articles of association, internal regulations and resolutions of corporate bodies, as well as disputes between members or between members and the company relating to available rights connected to the membership relationship, the appointment of the arbitral tribunal shall be made by the President of the Court of the district where the company has its registered office, upon application by the most diligent party, where so provided by the same arbitration clause.
The composition of the arbitral tribunal, where the statutory clause provides for a number of members equal to that of the parties to the proceedings plus one where the parties are even in number, must be determined in accordance with such contractual provision, with the President of the Court being vested with the power to appoint both the members and the chairman of the tribunal.