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EU, JUSTICE MINISTRY TO ESTABLISH ARBITRATION INSTITUTE IN ARMENIA
Tert.am
22.02.12
The European Union, in collaboration with Armenia's Ministry of
Justice has developed a new project aimed at creating an arbitration
institution in Armenia.
The plan was introduced on Thursday at a joint conference between EU
representatives and the Ministry officials.
Addressing the meeting, Fotis Karayanpulous, an EU representative,
said they did not initially want to open a new institution in a
developing country like Armenia but decided to launch the project
having no other alternative.
Karayanpulous noted that Armenia's only arbitration institute
subordinated to the Chamber of Trade did not want to collaborate with
them, considering it needless.
Armenia's arbitration institute is expected to be a united body
establishing a platform for all institutions dealing with arbitration
proceedings. It has to resolve institutional issues, ensuring a state
involvement on behalf of the Justice Ministry.
Arpine Melikbekyan, a member of a working group implementing the
project, said the state may vest independence in the arbitration
institute in the years to come.
"Armenia has a lack of arbitrators. That is why we are planning
trainings for specialists in Armenia and abroad. The arbitrators will
not take complicated exams at the beginning," she said.
The institution will be a permanently functioning non-commercial body
governing the board of representatives of a superior institution having
7-11 members from both the public and private sectors. It will derive
funds from membership fees and contributions from founding investors
and the state.
Tert.am
22.02.12
The European Union, in collaboration with Armenia's Ministry of
Justice has developed a new project aimed at creating an arbitration
institution in Armenia.
The plan was introduced on Thursday at a joint conference between EU
representatives and the Ministry officials.
Addressing the meeting, Fotis Karayanpulous, an EU representative,
said they did not initially want to open a new institution in a
developing country like Armenia but decided to launch the project
having no other alternative.
Karayanpulous noted that Armenia's only arbitration institute
subordinated to the Chamber of Trade did not want to collaborate with
them, considering it needless.
Armenia's arbitration institute is expected to be a united body
establishing a platform for all institutions dealing with arbitration
proceedings. It has to resolve institutional issues, ensuring a state
involvement on behalf of the Justice Ministry.
Arpine Melikbekyan, a member of a working group implementing the
project, said the state may vest independence in the arbitration
institute in the years to come.
"Armenia has a lack of arbitrators. That is why we are planning
trainings for specialists in Armenia and abroad. The arbitrators will
not take complicated exams at the beginning," she said.
The institution will be a permanently functioning non-commercial body
governing the board of representatives of a superior institution having
7-11 members from both the public and private sectors. It will derive
funds from membership fees and contributions from founding investors
and the state.