Recommendable Arbitration Clause

 

With a view to the requirements of Art. 9 of the Civil Procedure Code, the Law on the International Trade Arbitration, the Statute and the Regulations of the Arbitration Court at the National Business and Law Association, the latter Association recommends to the juridical and the physical entities to include the following arbitration clause, when concluding their trade and civil contracts, and namely:

 

 

Any disputes arising from this contract or concerning it, including disputes arising from or concerning its interpretation, invalidity, non-performance or termination, as well as disputes about filling gaps in a contract or its adaptation to newly arisen circumstances, shall be settled by the Arbitration Court at the National Business and Law Association in accordance with its Rules for Cases based on Arbitration Agreements.” .