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BOARD OF TRADE OF THAILAND
150 Rajbopit Road, Bangkok 10200, THAILAND · sporazum* je bil sklenjen dne 1.6.1998 |
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AGREEMENT OF COOPERATION
IN THE FIELD OF INTERNATIONAL COMMERCIAL ARBITRATION BETWEEN THE BOARD OF TRADE OF THAILAND AND THE PERMANENT COURT OF ARBITRATION ATTACHED TO THE CHAMBER OF COMMERCE AND INDUSTRY OF SLOVENIA |
The Board of Trade of Thailand (referred to as the "Board") and the Permanent Court of Arbitration attached to the Chamber of Commerce and Industry of Slovenia (referred to as the "Permanent Court of Arbitration"), believing that wider use of commercial arbitration will contribute to the stability of economic transactions between Thailand and Slovenia, have agreed as follows:
Article 1
The Board and the Permanent Court of Arbitration shall each recommend enterprises engaged in economic transactions between Thailand and Slovenia the insertion of the following arbitration clause in contracts between such enterprises:
"All disputes that may arise between the parties out of or in relation to this contract shall be settled by arbitration under the Thai - Slovenia Arbitration Agreement. The place of arbitration shall be, unless otherwise agreed between the parties, the country in which the respondent resides. In case the respondent is an enterprise of Thailand, the arbitration shall be conducted by the Office of the Arbitration Tribunal attached to the Board of Trade of Thailand in accordance with the Thai Commercial Arbitration Rules thereof. In case the respondent is an enterprise of Slovenia, the Arbitration shall be conducted by the Permanent Court of Arbitration attached to the Chamber of Commerce and Industry of Slovenia in accordance with the Rules of Procedure of the Permanent Court of Arbitration attached to the Chamber of Commerce and Industry of Slovenia."
Article 2
(1) Any arbitrator shall not be limited to the national of either country where the arbitration takes place.
(2) The language of English shall, unless otherwise agreed between the parties, be used in the arbitration proceedings either at the Office of the Arbitration Tribunal attached to the Board or at the Permanent Court of Arbitration.
Article 3
The Board and the Permanent Court of Arbitration will co-operate to promote international commercial arbitration between the two countries and will exchange all necessary information and opinions conducive to the realization of this Agreement.
Article 4
Believing that the bringing of their respective arbitration laws and rules into closer harmony will contribute to the further stability and development in economic transactions between the enterprises of the two countries, the Board and the Permanent Court of Arbitration will exert every effort to this end.
Article 5
This Agreement shall be called the "Thai-Slovenia Arbitration Agreement".
Article 6
This Agreement is done in duplicate in English and Slovene and the English text will be authentic. This agreement shall become effective on June 12, 1998.
| For and behalf of THE BOARD
OF TRADE OF THAILAND |
For and behalf of THE PERMANENT
COURT OF ARBITRATION ATTACHED TO THE CHAMBER OF COMMERCE AND INDUSTRY |
| Vichien Tejapaibul Chairman |
Prof. dr. Krešo Puharič President |
| Date: 01.06.1998 |
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