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JAPAN COMMERCIAL ARBITRATION ASSOCIATION |
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AGREEMENT BETWEEN
THE PERMANENT COURT OF ARBITRATION ATTACHED TO THE CHAMBER OF COMMERCE AND INDUSTRY OF SLOVENIA AND THE JAPAN ARBITRATION ASSOCIATION |
1. Being convinced that the widwr use of commercial arbitration would lend confidence and stability to commercial transactions between Slovenia and Japan, the Permanent Arbitration Court attached to the Chamber of Commerce and Industry of Slovenia and Japan Commercial Arbitration Association have agreed henceforth to recommend that physical and legal persons engaged in trade between the two countries should insertin their contracts the following clause:
"All disputes, controversies or differences which may arise between the parties out of, or in connection with this contract shall be finally settled by arbitration at
- the Premanent Court of Arbitration attached to the Chamber
of Commerce and Industry of Slovenia according to the Rules of Procedure
of the said Court, in case when the respondent is a Slovenian party or
at
- Japan Commercial Arbitration Association according to the Commercial
Arbitration Rules of the said Association, in case when the respondent
is a Japan party.
The arbitral award shall be final and binding and the parties undertake to execute it voluntarily and without delay."
2. Both institutions will co-operate in promoting international commercial arbitration among others, through increased use of the facilities of their organizations and will exchange all necessary information, materials or publications conductive to the realization of this Agreement.
3. This Agreement shall be known as Slovenian-japanese Commercial Arbitration Agreement.
4. This Agreement has been executed in English language
in four authentic copies, two for each of the parties hereto.
| Permanent Court of Arbitration
Slovenia |
The Japan Commercial Arbitration Association |
| Prof. dr. Krešo Puharič President |
Yoshitoshi Munakata President |
Date: 15.07.1997
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