Pravo i privreda

Summary

Pre-arbitral Referee Procedure

The characteristics of some business transactions require that all disputes arising therefrom are settled without delay; other solutions may jeopardize the interest of both partners and cause irreparable damages. Certain mechanisms have already been developed in international practice for the settlement of the disputes in a manner which will not frustrate the business venture itself. International Chamber of Commerce offered to the practice the Rules for Pre-arbitral Referee Procedure in settlement of disputes. Main characteristics and effects of the said Rules are discussed in this text.

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Pravo i privreda 1/2 1993. vol 31