Model arbitration clause for contracts
Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the UNCITRAL Arbitration Rules.
(Note. Parties may provide for other rules or laws)
The appointing authority for the organization of arbitration shall be the International Commercial Arbitration Court (ICAC) at the International Committee for Property Protection (ICPP);
The number of arbitrators shall be one or three;
The place of arbitration shall be Larnaca, Cyprus; (Note. The place of arbitration may be selected by parties/ any country, including for an offsite session, as well as a session form – online/offline);
The language to be used in the arbitral proceedings shall be Russian (or English, German etc.).
Possible waiver statement
Note. If the parties wish to exclude recourse against the arbitral award that may be available under the applicable law, they may consider adding a provision to that effect as suggested below, considering, however, that the effectiveness and conditions of such an exclusion depend on the applicable law.
The parties hereby waive their right to any form of recourse against an award to any court or other competent authority, insofar as such waiver can validly be made under the applicable law.