In re the Arbitration between Lipschutz & Gutwirth

This controversy arises from a partnership agreement between the parties to this proceeding. Charles Gutwirth and Albert Gutwirth are father and son. Isidore Lipschutz and Charles Gutwirth are brothers-in-law. The agreement contained a general arbitration clause which provided that in event of a dispute Isidore Lipschutz should select one arbitrator, Charles and Albert Gutwirth should select another arbitrator, and that the two arbitrators thus appointed should thereupon select a third arbitrator. It happens that when a controversy did arise, the alignment of the partners was different from…