Any Dispute Arising Out Of Or In Connection With This Agreement Shall Be
Singapore International Arbitration Centre (SIAC) “Any dispute arising from or related to this contract, including all matters relating to its existence, validity or termination, is dealt with by an arbitration procedure managed by the Singapore International Arbitration Centre (SIAC) in accordance with the arbitration rules of the Singapore International Arbitration Centre (“SIAC Rules”) and is definitively resolved by an arbitration procedure that will be introduced by this clause.” However, these agreements are not considered to be exclusively governed by the Hague Convention on the Choice of Judicial Agreements. Given that this may be the mechanism by which we will maintain mutual applicability within the EU as soon as the UK leaves the EU, it may be not advisable to qualify two courts as exclusive jurisdiction in EU-related transactions. Also keep in mind that there is a risk of parallel proceedings outside the EU, especially in the case of a counterclaim against a claim, the application before a court and the counter-action before another court. Future Litigation The following clauses are recommended for contractors who wish to refer future disputes to mediation and/or arbitration under the auspices of the LCIA. Words/spaces between brackets should be deleted/completed accordingly. When adapting the clause, care must be taken to avoid any risk of ambiguity. The ambiguity of the wording contained in the clause will lead to uncertainty and delay and will hinder or even compromise the dispute resolution process. German Arbitration Institution (DIS) “1. All disputes arising from or related to this contract or its validity are settled definitively in accordance with the arbitration regulation of the German Institute of Arbitration (DIS) without recourse to the ordinary courts. (2) The Arbitral Tribunal is exposed [please enter “single arbitrator” or “three members”). (3) The seat of arbitration is [please enter the city and countryside]. (4) The language of arbitration is [please indicate the language of arbitration].
(5) The legislation applicable to the object must be [seize the law or the law]. ” Any dispute, controversy or claim arising from this contract or the violation, termination or invalidity of this treaty is settled by arbitration in accordance with the rules of arbitration of the UNCTCI.” Australian Centre for International Commercial Arbitration (ACICA) “Any dispute, controversy or claim arising from or relating to this contract, including matters relating to its existence, validity or termination, is resolved by arbitration in accordance with ACICA`s arbitration rules.” (2) The Arbitral Tribunal is exposed [please enter “single arbitrator” or “three members”).