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A law is valuable not because it is law, but because there is right in it.
Henry Ward Beecher |
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For dispute consideration in International arbitration court "IAC" the written agreement of the parties is necessary which can be issued: • at the contract conclusion - in the form of the arbitration clause in the contract or in the form of the separate Agreement on transfer of dispute (on dispute transfer) in International arbitration court "IAC"; • after the contract conclusion - in the form of the separate Agreement on transfer arisen (on transfer of arisen) or able to arise dispute in International arbitration court "IAC". 1. The recommended arbitration clause in contracts: 1) All disputes, disagreements and the requirements arising from the present contract or in connection with it, are subject to the definitive permission in International arbitration court "IAC" according to its Regulations by composition of the court numbering (for choice of the parties) arbitrators, on (for choice of the parties) language, in (a place of conduct of proceedings for choice of the parties) and according to norms of the substantive law (for choice of the parties). 2) All disputes, disagreements and the requirements arising from the present contract or in connection with it, are subject to the definitive permission in International arbitration court "IAC" according to its Regulations by composition of the court numbering (for choice of the parties) arbitrators, on (for choice of the parties) language, in (a place of conduct of proceedings for choice of the parties) and according to norms of the substantive law (for choice of the parties). Before reference to the International arbitration court "IAC" all arisen disputes can be transferred for settlement in International Mediation Center "IAC". 3) In case of occurrence of the disputes arising from the present contract or in connection with it, the parties will take all measures to their permission by negotiations. In a case of the consent have not been achieved all disputes, disagreements and the requirements arising from the present contract or in connection with it, including concerning its executions, infringements, terminations or invalidity, are subject to the definitive permission in International arbitration court "IAC" according to its Regulations by composition of the court numbering (for choice of the parties) arbitrators, on (for choice of the parties) language, in (a place of conduct of proceedings for choice of the parties) and according to norms of the substantive law (for choice of the parties). Clause conditions can be the following: Composition of the court – 1, 3 and more arbitrators (the number of arbitrators should be odd). Language of arbitration – any under the agreement of parties. Place of conduct of proceedings – settlement where International arbitration court "IAC" is located or other place chosen by the parties, under condition of payment of additional expenses. Norms of the substantive law - to specify the name of the country which norms of the substantive law will be used when consideration of the arisen dispute. |
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Independent Arbitration Center
Almaty city, Shevchenko street,157 Телефон: +7 727 333 70 27 +7 701 767 83 63
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Independent Arbitration Center © 2008 |