Brian Lara and Ramnaresh Sarwan are among the players in dispute
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West Indies are set to tour Australia after a row over sponsorship deals for individual players neared resolution.
The dispute began because of conflicts between West Indies Cricket Board sponsor Digicel and Cable & Wireless, who endorse a number of the players.
Both sides have accepted a ruling on whether players can have their own deals, but that has not been disclosed.
"We are convinced we will have a resolution that allows the tour to proceed," arbiter Keith Mitchell said.
Mitchell, the Prime Minister of Grenada, appointed judge Adrian Saunders to make a binding ruling on the issue, but he refused to reveal what the ruling was.
The impasse has delayed the announcement of West Indies' 14-man squad to play in the limited-overs tournament with Australia and Pakistan.
It will be the first competition they have taken part in since winning the ICC Champions Trophy in England three months ago.
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