The
Arbitration Court was founded in 1949 and was operating attached to the
Czechoslovak Chamber of Commerce. Its name was changed by the Act No.
42 of 1980, Coll. of Laws, to the Arbitration Court attached to the Czechoslovak
Chamber of Commerce and Industry and, pursuant to the Act. No. 223 of
1994, Coll. of Laws, the last change, for the time being, of its name
has been made, viz. to the Arbitration Court attached to the Economic
Chamber of the Czech Republic and Agricultural Chamber of the Czech Republic.
In the course of the lasting existence of the Arbitration Court more
than 7.000 disputes, in decisive part from the sphere of international
trade, were decided by the arbitrators. In the last two years, stage by
stage, a growing advantage of arbitration proceedings is being taken in
domestic disputes as well.
The
arbitration proceedings before the Arbitration Court are usually conducted
in accordance with its Rules published in the official Trade Gazette ("Obchodni
vestnik") unless the parties to the dispute have agreed otherwise.
The Rules as well as other informative materials are at disposal of disputing
parties and other persons being interested in, at the seat of the Court
or the regional court branches, free of charge, in Czech, English, German,
French and Russian. The Arbitration Court attached to the Economic Chamber
of the Czech Republic and Agricultural Chamber of the Czech Republic is
the only permanent arbitration court with the general sphere of activity
pertinent for the determination of property disputes in conformity with
the Act No. 216 of 1994, Coll. of Laws. Its award are final enforceable
in inland as well as abroad.