Could parties submit a petition to the court while they have already agreed upon an arbitration agreement?
No, they could not. According to Article 6 of The Arbitration Law 2010, where the parties in dispute already have an arbitration agreement but one party institutes court proceedings, the court must refuse to accept jurisdiction unless the arbitration agreement is void or incapable of being performed. The arbitration agreement is void and null in […]
What contents should be contained in the arbitration agreement?
The content of the arbitration agreement should be simple but accurate, the following contents are highly recommended: - Type of arbitration (Institutional arbitration or Ad hoc arbitration); - The arbitration centre agreed by parties; - The number of arbitrators (1 or 3); - The place of arbitration; - Applicable law of arbitration; - Language of […]