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G.C.C. COMMERCIAL ARBITRATION CENTRE |
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AGREEMENT OF COOPERATION
BETWEEN PERMANENT ARBITRATION COURT ATTACHED TO THE CHAMBER OF COMMERCE AND INDUSTRY OF SLOVENIA AND THE GULF COOPERATION COUNCIL COMMERCIAL ARBITRATION CENTRE |
Being convinced that a wider use of commercial arbitration through fair and expeditious procedures lend confidence and stability to international trade, the Permanent Arbitration Court attached to the Chamber of Commerce and Industry of Slovenia and the G.C.C. Commercial Arbitration Centre agree as follows:
1. The above organizations will cooperate in popularizing
arbitration as a means of settling disputes arising out of international
commercial transactions.
2. To exchange information in the fields of training and programme development
activities.
3. To recommend to each other, if so requested, resource persons for active
participation in seminars, conferences and training activities.
4. To extend mutual cooperation and assistance, when so requested, in
the organization of professional and educational activities, such as seminars,
lectures and conferences. Details of such cooperation and assistance and
any related financial commitments shall be agreed upon on a case by case
basis.
5. To exchange, at no charge, publications, information material and reference
documents concerning international and domestic commercial arbitration.
6. To recommend to each other, when so requested, resource persons in
specific fields to act in the capacity of technical expert, conciliator
or arbitrator,
7. To provide, when so requested, and within the limits of each other's
resources, administrative and other services necessary for conducting
arbitration proceedings
Expenses incurred in providing such services shall be charged to the receiving
party.
8. To provide, when so requested, administrative services for the recording
of evidence, archiving or documents and related fields.
Any costs involved shall be born by the receiving party.
9. Each party shall assume the expenses in connection with its own participation
in the implementation of this agreement.
10. Each party agrees to duly and appropriately publicize the facilities available under this Agreement in its respective country.
11. This Ageeement shall take effect on the date of its signature by both parties for an initial period of one year. It will remain valid until either party gives notice of its intention to amend or terminate the Agreement.
Concluded in London, on May 14th 2002, in four authentic
copies in English and Slovene languages.
| for and on behalf of the
Permanent Court of Arbitration attached to the Chamber of Commerce
and Industry Of Slovenia |
for and behalf of G.C.C. Commercial Arbitration Centre |
| Prof.Dr. Krešo Puharič President |
Mr Yousif Zainal Secretary General |
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