Parties of a contractual relationship may choose arbitration as the way to settle the disputes arising in terms of the related contract. For this, parties may add a provision to the contract (which is named as ‘’arbitration clause’’) or draft another contract subjected with the dispute settlement terms (which is named as ‘’arbitration agreement’’). Arbitration is a popular way to dispute the settlements because obtaining a court order may take too long and ineffective.
Arbitration clauses mandate parties to settle the disputes by bringing the matter to the relevant arbitrating authority.
Parties may not choose the arbitrating authority at the beginning. In that case, one of the parties may choose a national and/or international centers in order to dispute the settlement. As well as that, parties may agree on a person or persons to be the arbitrator for the dispute settlement.
The main clauses and rules for this area of work are:
- ICC Rules (https://iccwbo.org/)
- ICSID Convention Rules (https://icsid.worldbank.org/)
- UNCITRAL Rules (https://uncitral.un.org/)
Our firm has the legal staff specialized and experienced in fields of both commercial and non - commercial disputes. Our legal staff also have the qualification for ad hoc, national and international arbitration procedures such as ICC, ICSID and UNCITRAL. To reach our legal staff, you may visit https://antroya.com/our-team/