Issues in the RA Law on Commercial Arbitration regarding challenge to the arbitrators; the legal capacity of natural persons and legal entities at the time of signing the arbitration agreement and during the process of arbitration; and enforcement of arbitration awards

Abstract

The subject of the master paper is based on the following issues presented in RA Law on Commercial Arbitration. It is about challenges to the arbitrators; the issue of legal capacity of natural persons and legal entities at the time of signing the arbitration agreement but also during the process of arbitration; and enforcement of arbitration awards. The reason I have chosen these issues is that in Armenia, arbitration is in the embryonic stage which means it has not developed well. That is why, at the present time, courts are facing several problems. They become overloaded with different cases and delay in making decisions. In developed countries, arbitration is a popular way to solve disputes. Hence, if Armenia wants to do business with these countries, it should improve its laws and follow the internationally accepted practices and customs concerning arbitration to offer arbitration as an effective dispute resolution method.