Charter

1. STATUS OF THE “ARBITRATION INSTITUTION AT THE CHAMBER OF COMMERCE AND INDUSTRY OF THE REPUBLIC OF ARMENIA”

1.1 “Arbitration Institution at the Chamber of Commerce and Industry of the Republic of Armenia” (hereinafter referred to as the “CCI RA”) (hereinafter referred to as the “Arbitration Institution”) is a body with the status of an institution contributing disputes settlement established by the CCI RA.

1.2 The Arbitration Institution shall carry out its activities on the basis of the Law of the Republic of Armenia “On Commercial Arbitration” (hereinafter referred to as “the Law”), international treaties of the Republic of Armenia, this Charter and the CCI RA Presidency regulations.

1.3 The Arbitration Institution is not a legal entity, it can acquire and exercise property and personal non-property rights on behalf of CCI RA as well as bear responsibilities.

1.4 The Arbitration Institution has a round seal with the emblem of the Republic of Armenia, blanks, a symbol and other means of personalization.

1.5 Name of the Arbitration Institution is:

1.6 Address of Arbitration Institution is:
Address: N 26 G. Nzhdeh street, Yerevan, Armenia
Tel: (+37410) 53 26 34, (+37410) 52 89 59
Fax: (+37410) 53 26 54
E-mail: accci@arminco.com

2. ESTABLISHMENT OF THE ARBITRATION INSTITUTION

2.1 The Arbitration Institution shall be deemed as established by the CCI RA Presidency from the moment of approval of this Charter and shall be subject to registration in the manner prescribed by legislation.

3. ARBITRATION INSTITUTION’S ACTIVITY ASSURANCE

3.1 The Arbitration Institution shall possess, use and dispose the property attached to it by the laws of the Republic of Armenia, this Charter and its regulations.

3.2 In the manner prescribed by law and this Charter, funds generated from the activities of the Arbitration Institution shall be primarily directed to arbitrators’ fees, administrative costs and other expenses of the Arbitration Institution as defined in the regulation. The remaining sum shall, in the prescribed manner, be directed to realization of CCI RA statutory goals.

4. MANAGEMENT OF ARBITRATION INSTITUTION

4.1 General management of Arbitration Institution shall be carried out by CCI RA as a founder in the manner prescribed by Law and this Charter.

4.2 All jurisdictions relating to management of Arbitration Institution shall be carried out by the CCI RA Presidency on behalf of the CCI RA in accordance with RA Law on “Chambers of Commerce and Industry” and Charter of CCI RA.

4.3 CCI RA Presidency jurisdiction issues are:

4.3.1 Approval to the Arbitration Institution Charter, amendment to Charter, as well as approval to new edition of Charter,

4.3.2. Approval to the Arbitration Institution regulation, as well as to its amendments,

4.3.3. Appointment of the Arbitration Institution president,

4.3.4. Approval to the arbitrators’ nomenclature, appointment of Arbitration Institution vice-presidents and Arbitration Institution secretary upon presentation of Arbitration Institution president,

4.3.5. Approval to the amount of Arbitration Institution’s expenses as well as to the amount of arbitrators’ fees,

4.3.6. Termination of Arbitration Institution’s activity,

4.3.7 Other powers assigned to it by the legislation of the Republic of Armenia and this Charter.

4.4 Current activities of the Arbitration Institution shall be governed by the Arbitration Institution president, except for issues which are assigned to CCI RA according to Law and this Charter. The Arbitration Institution president’s powers shall be defined under this Charter and the Arbitration Institution regulation.

4.5 The powers of the Arbitration Institution president and arbitrators can be prematurely terminated by the CCI RA Presidency.

4.6 CCI RA president’s jurisdiction issues are:

4.6.1. Determining the composition and size of the property to be maintained by the Arbitration Institution,

4.6.2. Approval of the organizational structure and staffing of the Arbitration Institution, as well as the amount of staff remuneration of the Arbitration Institution upon presentation of Arbitration Institution president,

4.7 The Arbitration Institution president shall:

4.7.1 Organize the current activities of the Arbitration Institution,

4.7.2 Represent the Arbitration Institution in Armenia and abroad without a power of attorney,

4.7.3 Organize the examination and summarizing of arbitration trial practice, as well as keeping records of cases examined in the Arbitration Institution,

4.7.4 Ensure organization of regular activities of the Arbitration Institution,

4.7.5 Carry out on behalf of the Arbitration Institution the functions assigned to the Arbitration Institution under the regulation,

4.7.6 Carry out a job distribution among the staff of the Arbitration Institution,

4.7.7 Submit the annual reports on Arbitration Institution’s activity to the approval of CCI RA Presidency,

4.7.8 Exercise other powers deriving from the Law, this Charter and Arbitration Institution regulation,

4.7.9 Approve internal documents regulating the activities of the Arbitration Institution,

4.8 The Arbitration Institution president shall have deputies.

4.9 The scope of activities of the Arbitration Institution vice-presidents shall be defined by the president. In the absence of the Arbitration Institution president, his/her powers shall be exercised by one of the Arbitration Institution vice-presidents upon the appointment of the Arbitration Institution president.

4.10 The Arbitration Institution president shall bear property responsibility in the manner prescribed by law for property damage caused to the CCI RA as a result of his/her illegal activity. Termination of Arbitration Institution president’s powers cannot serve as a ground for failing to perform the obligation of compensation for material damage.

5. TERMINATION OF ARBITRATION INSTITUTION’S ACTIVITY

5.1. Arbitration Institution’s activity shall be terminated in the manner prescribed by law, as well as according to this Charter.

5.2. Arbitration Institution’s activity shall be deemed terminated from the moment the CCI RA Presidency’s decision comes into force.