PIAC’s recommended Arbitration Clause

“Anny dispute arising out of or in relation with this contract shall be finally resolved by the Pacific International Arbitration Centre (PIAC) in accordance with its Rules of Arbitration”.

Parties may wish to consider adding:

a) The number arbitrators shall be [one or three]
b) Place of arbitration shall be [city and/or country]
c) The governing law of the contract [is/shall be] the substantive law of [ ]*
d) The language to be used in the arbitral proceedings shall be [ ]**

Note

* to apply for disputes having foreign elements only
** to apply for disputes having foreign element or for disputes to which at least one party is a foreign - invested enterprise only.