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conciliation and arbitration

  • conciliation and arbitration

Reconciliation and Arbitration: Reconciliation is a contract between litigants to end the dispute between them as defined by the jurists, and when the litigants were alienating each other from each other, people intervened among them until the litigation ended in some way and they concluded a reconciliation between them by consent. Its convening and the paradox of the council in which the conciliation was held.

Arbitration: It is an agreement between two or more parties to refer to arbitration all or some of the specific disputes that have arisen or may arise between them regarding a specific legal relationship, contractual or non-contractual, whether the arbitration agreement is in the form of an arbitration clause contained in a contract, or in An independent arbitration chart.

Arbitral Tribunal: It is the individual arbitrator or the team of arbitrators, who decide on the dispute referred to arbitration.

Arbitration between an international trade dispute

If the main center of business of each of the two parties to the arbitration is located in more than one country at the time of the conclusion of the arbitration agreement.
If the main center of business of each of the two parties to arbitration is located in the same country at the time of the conclusion of the arbitration agreement, and one of the following places indicated is located outside this country: The place of conducting the arbitration as specified by the arbitration agreement or indicated how it was appointed or the place of implementation of an essential aspect of the obligations arising from the relationship The commercial trade between the two parties or the place most closely related to the subject of the dispute.

If the two parties to the arbitration agree to resort to a permanent organization or arbitral tribunal or an arbitration center whose headquarters are outside the Kingdom.
If the subject matter of the dispute covered by the arbitration agreement is related to more than one country.