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LAW OF THE REPUBLIC OF BELARUS

of July 9, 1999 No. 279-Z

About the international Arbitration (arbitration) Court

(as amended on 01-07-2014)

Accepted by the House of Representatives on June 3, 1999

Approved by Council of the Republic on June 24, 1999

This Law regulates the relations connected with education and activities of the international Arbitration (arbitration) Court.

Chapter 1. General provisions

Article 1. The basic concepts applied in this Law

In this Law the following basic concepts are applied: the international Arbitration (arbitration) Court (further - the international Arbitration Court) - the permanent arbitral (arbitration) organization created for the purpose of consideration of the corresponding disputes (further - permanent international Arbitration Court) or the arbitration body which is specially formed by agreement of the parties dispute out of the permanent arbitral (arbitration) organization for consideration of separate dispute (further - the international Arbitration Court for consideration of specific dispute);

the arbitrator - the capable physical person elected by the parties of dispute over their agreement or appointed in accordance with the established procedure for the dispute resolution;

the arbitral resolution - the decision or determination of the international Arbitration Court;

the decision - the arbitral resolution of structure of the international Arbitration Court resolving dispute over being;

determination - the arbitral resolution of structure of the international Arbitration Court concerning procedural nature;

the resolution - the act of presidium of permanent international Arbitration Court adopted within its competence;

arbitral regulations - the set of rules, regulating the organization of permanent international Arbitration Court and process of the dispute resolution in it;

structure of the international Arbitration Court - the single arbitrator or board of arbitrators (arbitration judges);

national court - the relevant court of the state judicial system of the Republic of Belarus;

public procedure - bases of law and order of the Republic of Belarus.

Article 2. Tasks of the international Arbitration Court

The main objective of the international Arbitration Court is the correct and timely dispute resolution, carried to its competence.

The international Arbitration Court promotes also development and increase in efficiency of foreign economic activity of legal entities and individual entrepreneurs.

Article 3. Principles of activities of the international Arbitration Court

The international Arbitration Court is guided in the activities by the principles:

equal rights of the parties;

liberties of choice sides of structure of court, applicable law, procedure and language of legal proceedings;

contractual cognizance of all cases in point;

priority of the conventional principles of international law;

independence of the international Arbitration Court and arbitrators;

confidentiality of hearing of cases;

assistance to the end of dispute by means of the conclusion the parties of the voluntary settlement;

finality of the decisions passed by court.

The international Arbitration Court is guided also by those principles of the economic procedural legislation of the Republic of Belarus which do not contradict the principles stated in part one of this Article.

Article 4. Scope of this Law

This Law is applied to the permanent international Arbitration Court created according to Chapter 2 of this Law and also to the international Arbitration Court for consideration of specific dispute which is in the territory of the Republic of Belarus.

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