SP ČR and PRIAC want to create independent arbitration institution in CR

(CIANEWS) - The International Arbitration Court at the Czech-Moravian Commodity Exchange (PRIAC) and the Confederation of Industry and Transport of the Czech Republic (SP ČR) will cooperate in the development of an independent arbitration institution based in the Czech Republic. It has the potential to become an internationally recognized arbitration center in resolving commercial disputes. Therefore, they concluded a Memorandum on the Development of a Respected International Court of Arbitration in the Czech Republic and agreed on individual steps to implement it.



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