FAQs

When is an arbitration agreement null and void?

11/03/2016 17:53

According to Article 18 of Law on Commercial Arbitration, the arbitration agreement is null avoid in the following cases:

a) The dispute arises in a sector outside the competence for arbitration prescribed in article 2 of this Law;

b) The person who entered into the arbitration agreement lacked authority as stipulated by law.

c) The person who entered into the arbitration agreement lacked legal capacity pursuant to the Civil Code;

d) The form of the arbitration agreement does not comply with article 16 of this law;

e) One of the parties was deceived, threatened or coerced during the process of formulation of the arbitration agreement and requests a declaration that the arbitration agreement is void;

f) The arbitration agreement breaches a prohibited clause ion prescribed by law.

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