Icc Model Arbitration Agreement

The parties undertake to keep confidential the existence of the arbitration proceedings, the arbitration, the statements of the parties and the decisions of the arbitral tribunal, including its arbitral awards, unless required by the law in force and if it is not already available to the public. Another possibility is to make mediation and arbitration work in parallel. Where States or public bodies wish arbitrators appointed by the Party to appoint the president of a three-member tribunal, it is recommended that the following clause be included in the underlying agreement (if any): Hong Kong International Arbitration Centre (HKIAC) “Any disputes, controversies, disputes or claims arising out of or related to this Treaty, including the existence, The validity, interpretation, performance, breach or termination thereof, or any dispute relating to non-contractual obligations arising out of or related thereto, shall be referred to and finally settled by an arbitration administered by the Hong Kong International Arbitration Centre (HKIAC) in accordance with the HKIAC Arbitration Rules, which are in effect at the time of filing the notice of arbitration. The law of this arbitration clause is [law]. The seat of arbitration is [city]. The number of arbitrators shall be [one/three]. The arbitration shall be conducted in [language]. Note that the clauses are only example clauses. They may need to be amended to take account of the requirements of national law and the specific requirements of the Contracting Parties. They do, however, provide useful examples of a basic arbitration clause and can be easily adapted….