V schedule.
Relationship between arbitrator and party and others involved in the arbitration.
- The Arbitrator had been associated within the past three years with a party or an affiliate of one of the parties in a professional capacity, such as a former employee or partner.
VII Schedule.
Arbitrators relationship with the parties or counsel.
1.The arbitrator is an employee, consultant, advisor or has any other past or present business relationship with a party.
In my understanding the Amendment Ordinance 2015 differences above categories with following.
1) Employee, X Consultant, Advisor.
2) Last three years X Past or Present
3) Related with parties and others related to the parties. X Parties or Counsel
Note: Red color is Vth Schedule. Orange VII th Schedule.