(1) The arbitration committee shall be established within the Labor Relations Commission for the arbitration or review of labor disputes.
(2) The arbitration committee as referred to in paragraph (1) shall be composed of three members.
(3) Those chosen by an agreement between the parties from among members representing public interests of the Labor Relations Commission shall be nominated as arbitration committee members as referred to in paragraph (2) by the chairman of the Labor Relations Commission; provided, where the parties concerned fail to reach an agreement, the chairman of the Labor Relations Commission shall nominate the arbitration committee members from among the members representing public interests of the Labor Relations Commission.