Tweet
COURT OF ARBITRATION NOT SO POPULAR IN ARMENIA BECAUSE OF LOW PUBLIC AWARENESS
ARKA
July 20, 2010
YEREVAN
YEREVAN, July 20. /ARKA/. Armen Voskanyan, secretary general of the
Court of Arbitration affiliated to Armenian Commerce and Industry
Chamber, thinks that the court is not so popular because of low
public awareness.
The Court of Arbitration was established in 2007. It has considered
only ten complaints since then. On Tuesday, speaking at a news
conference, Voskanyan said that some of 50 suits filed over the
mentioned period hadn~Rt been considered and some had been withdrawn
by claimants.
He said that the Court of Arbitration considers a wide range of cases
connected with commerce, financial relations, leasing, factoring
and lending.
Voskanyan said that conflicting sides can appeal to the court after
sealing appropriate arbitrary agreement.
However, very often (90% of cases) such an agreement is not signed
because of refusal from the defense side.
Argam Nazanyan, an arbitrator at the court, speaking at the same
news conference, said that the Court of Arbitration is necessary for
development of Armenian judicial system, for quick and just settlement
of disputes.
Arthur Hovhanisyan, chief of Armenian Justice Ministry~Rs European
integration division, said that human rights protection, justice
availability and justice system reformation are among the country~Rs
top-priority objectives.
From: A. Papazian
ARKA
July 20, 2010
YEREVAN
YEREVAN, July 20. /ARKA/. Armen Voskanyan, secretary general of the
Court of Arbitration affiliated to Armenian Commerce and Industry
Chamber, thinks that the court is not so popular because of low
public awareness.
The Court of Arbitration was established in 2007. It has considered
only ten complaints since then. On Tuesday, speaking at a news
conference, Voskanyan said that some of 50 suits filed over the
mentioned period hadn~Rt been considered and some had been withdrawn
by claimants.
He said that the Court of Arbitration considers a wide range of cases
connected with commerce, financial relations, leasing, factoring
and lending.
Voskanyan said that conflicting sides can appeal to the court after
sealing appropriate arbitrary agreement.
However, very often (90% of cases) such an agreement is not signed
because of refusal from the defense side.
Argam Nazanyan, an arbitrator at the court, speaking at the same
news conference, said that the Court of Arbitration is necessary for
development of Armenian judicial system, for quick and just settlement
of disputes.
Arthur Hovhanisyan, chief of Armenian Justice Ministry~Rs European
integration division, said that human rights protection, justice
availability and justice system reformation are among the country~Rs
top-priority objectives.
From: A. Papazian