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COURT OF INTERNATIONAL COMMERCIAL
ARBITRATION ATTACHED TO THE CHAMBER OF COMMERCE AND INDUSTRY OF
ROMANIA
B-dul N. Balcescu nr. 22, sector 1, 79502 Bucharest, ROMANIA · sporazum* je bil sklenjen dne 28.1. 1997 |
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AGREEMENT OF COOPERATION
IN THE FIELD OF INTERNATIONAL COMMERCIAL ARBITRATION BEETWEN THE COURT OF INTERNATIONAL COMMERCIAL ARBITRATION ATTACHED TO THE CHAMBER OF COMMERCE AND INDUSTRY OF ROMANIA AND THE PERMANENT COURT OF ARBITRATION ATTACHED TO THE CHAMBER OF COMMERCE AND INDUSTRY OF SLOVENIA |
The Court of Iternational Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania and The Permanent Court of Arbitration attached to the Chamber of Commerce and Industry of Slovenia with the desire to advance arbitration as a means of settling the disputes arising out of international commercial transactions, in the spirit of the contractual freedom of the parties, have agreed as follows:
Article 1.
Either arbitral organization shall recommend to the
natural and legal persons in its conutry to include in their foreign trade
contracts concluded with natural or legal persons in the other country
the following arbitration clause:
"All disputes which may arise between the parties out of or in connection with this contract shall be finally settled:
- by the Court of International Commercial Arbitration
attached to the Chamber of Commerce and Industry of Romania, if the respondent
has his habitual place of residence or his seat in Romania, and
- by the Permanent Court of Arbitration attached to the Chamber of Commerce
and Industry of Slovenia, if the respondent has his habitual place of
residence or his seat in Slovenia."
Article 2.
Either arbitral organization shall make available
the Arbitration Rules of the other organization to the business enterprises/business
circles and shall also inform them that they may appoint as arbitrator
any person who qualifies in accordance with the Rules, and may also decide,
by agreement with the other party in the contract, the procedure rules
and the substantive law applicable to the dispute.
Article 3.
The two arbitral organizations shall communicate to
each other the list of arbitrators to be made available to the business
enterprise/business circles with an indication these are optional and
informative. Any change in the Arbitration Rules of either arbitral organization,
including its list of arbitrators, shall be communicated to the other.
Article 4.
The two arbitral organizations will cooperate in popularising
abritration as a means of settling disputes arising out of international
commercial transaction. Also, they will exchange information and whenever
possible, lectures and publication of mutual interest in the field of
commercial arbitration.
Article 5.
The two arbitral organizations shall cooperate in
providing each other with assistance in the selection of persons of suitable
experience and integrity to be included on their respective lists of arbitrators
and mediators.
Article 6.
The two arbitral organisations shall constantly consider
the fulfillment of this agreement and if needed they shall adapt it to
the current development in the field of international commercial aribtration.
Concluded in two authentic copies.
| for and on behalf of the
Court of International Commercial Arbitration attached to the Chamber
of Commerce and Industry of Romania |
for and on behalf of the Permanent Court of Arbitration attached to the Chamber of Commerce and Industry of Slovenia |
| Prof. Victor Babiuc President |
Prof. dr. Krešo Puharic President |
Date:28.01.1997
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