The first arbitration court has been registered in the Vitebsk region
15/03/20120 views
On March 15, Vitebsk / Diana Kurilo - BELTA /. The first arbitration court has been registered in the Vitebsk region, Olga Kibisova, head of the judicial practice department of the Economic Court of the Vitebsk region, told BELTA correspondent.
The Ministry of Justice of the Republic of Belarus has registered the permanent arbitration court "Novopolotsk Arbitration Chamber" as a legal entity. The founders of the arbitration court are Polotsk State University and the public association "Belarusian Republican Union of Lawyers".
Seven judges have been selected to work in the arbitration court – highly qualified university lecturers with extensive practical experience in jurisprudence and academic degrees. Among them is a specialist in foreign law who will consider disputes, including those involving foreign individuals.
According to Olga Kibisova, the arbitration court, which resolves any disputes arising between parties that have concluded an arbitration agreement, including between residents and non-residents of the Republic of Belarus, will be in demand. First of all, it is beneficial for the economic entities of the cities of Polotsk, Novopolotsk and Polotsk district, as well as neighboring districts, as the arbitration court is located in Novopolotsk.
The arbitration court provides greater freedom to citizens and economic entities, and has a number of advantages, including, first and foremost, the ability for the parties themselves to choose arbitrators, the promptness of decisions made, adherence to the principle of confidentiality in dispute resolution, lower costs of applying to the court, and the preservation of partnership relations between the disputing parties. State support is guaranteed for arbitration proceedings. The law provides for measures to secure a claim filed with an arbitration court; appeal of an arbitration court decision; and its compulsory enforcement. Even the storage of case materials considered by the arbitration court for the resolution of a specific dispute will be carried out by state courts.
Among the advantages of arbitration, the interlocutor also noted a simplified procedure for appealing its decisions, which will contribute to their accelerated actual enforcement. At the same time, the compulsory enforcement of an arbitration award is carried out by state courts in accordance with the rules of enforcement proceedings established by the civil procedure or economic procedure legislation of the Republic of Belarus, respectively, in force at the time of enforcement of the arbitration award, based on an enforcement document issued by the court for the compulsory enforcement of the arbitration award.
For the arbitration court to consider a dispute, it is necessary to conclude an arbitration agreement, which is concluded in writing in the form of a separate agreement of the parties to submit all or specific disputes to the relevant arbitration court, or in the form of an arbitration clause – a separate provision contained in the contract. -0-
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