Clause

Supplement No. 3 to the Rules of the Riga International Arbitration Court

Sample of the Arbitration Clause (*)

All disputes, differences or claims arising out of or in connection with the present agreement, which concerns it or an infringement of it, termination or invalidity, shall be finally settled at the Riga International Arbitration Court in accordance with its Arbitration Rules.
The parties may supplement the Arbitration Clause, adding to it:

1) the number of arbitrators is ________ (one or three);
2) the language of arbitration is ________;
3) place of arbitration is ________________.

 

(*) Sample of text of the Arbitration Clause has recommendatory nature.

Contacts

Palasta str 10, Riga, Latvia
LV-1050

Phone:
+ 371 6 722 2822
Fax:
+ 371 6 722 4447
E-mail:

Write email

Opening hours:

- Monday 10:00-13:00 and 14:00-16:00

- Tuesday 10:00-13:00 and 14:00-16:00

- Wednesday 10:00-13:00 and 14:00-16:00

- Thursday 10:00-13:00 and 14:00-16:00

- Friday 10:00-14:00

 

Why we?

Expenses

Legal expenses of the Riga International Arbitration Court are substantially lower than the court fees of the state’s courts of law and there are no expenses for appeals and the Supreme Court of Cassation needed.

Competence

Arbitration Court has an extensive list of arbitrators, consisting of highly competent professionals.

Quickness

Arbitration Court settles any disputes with no unnecessary delay - within a period between a month and 3 months, depending on the complexity of a case.