Arbitration Clause Samples

To settle a dispute in the Latvian Arbitration Court, it is necessary to include in the documents (contracts, agreements, bills of lading) one of the clauses of the Latvian Arbitration Court referred to herein below:

Arbitration clause sample text No. 1

Any dispute, discord or claim arising from this contract, which affects the infringement, termination or invalidity thereof will be settled in Latvian Arbitration Court (Reg. No. 40003754139), in accordance with the rules of the Arbitration Court, with a single arbitrator sitting alone.

(By entering such a clause, the dispute will be settled in verbal proceedings, with the participation of the litigants.)

or

Arbitration clause sample text No. 2

Any dispute, discord or claim arising from this contract, which affects the infringement, termination or invalidity thereof will be settled in Latvian Arbitration Court (Reg. No. 40003754139), in accordance with the rules of the Arbitration Court, with a single arbitrator sitting alone in a written proceeding.

(By entering such a clause, the dispute will be settled in written proceedings, without the litigants’ participation.)

or

Arbitration clause sample text No. 3

Any dispute, discord or claim arising from this contract, which affects the infringement, termination or invalidity thereof will be settled in Latvian Arbitration Court (Reg. No. 40003754139), in accordance with the rules of the Arbitration Court, with a single arbitrator sitting alone or in court of the Republic of Latvia on option of the claimant.

(By entering such a clause, the claimant is vested with the right of choice in which court to bring an action – Latvian Arbitration Court of the court of the Republic of Latvia.)
The sample text of the Arbitration clause is of the nature of recommendation only. In addition, the litigants may include the provisions in the arbitration clause that comply with the procedure established in the rules of the Latvian Arbitration Court.