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The Venice Court of National and International Arbitration

Standard VENCA Arbitration Clause

The Rules of The Venice Court of National and International Arbitration

Section One - Rules of General Application

Definitions

1. - Arbitration Agreement

2. - The powers of the Court

3. - Request for Arbitration

4. - Answer to the Request

5. - Communications prior to the Preliminary Conference

6. - The Secretariat of the Court

7. - Seat of the arbitration

8. - Language of the arbitration

9. - Law applicable to the merits

10. - Appointment by the Court of an Arbitrator

11. - Nationality of the Presiding arbitrator/s

12. - Number of arbitrators

13. - Independence and impartiality of Arbitrators

14. - Challenge procedure

15. - Replacement

16. - Jurisdiction

Section Two - Rules Applying to Ordinary Procedure

17. - Ordinary Procedure

18. - Preliminary Conference

19. - Hearings

20. - Communications after the Preliminary Conference

21. - Periods of time

22. - Evidence

23. - Default

24. - Closing of the hearing

25. - Time for rendering the Award

Section Three - The Award

26. - Decisions

27. - Form and effect of the award

28. - Custody of the records

29. - Interpretation of the award

30. - Correction of the award

31. - Administrative fee

32. - Fees of the Arbitrators

33. - Deposits

34. - Award of costs incurred by a Party

35. - Interpretation and application of the Rules

36. - Confidentiality of the existence of the arbitration

37. - Confidentiality of disclosures made during the arbitration

38. - Maintenance of confidentiality by the Court and Arbitrators

Section Four - Expedited Procedure

39. - Expedited Procedure

41. - Appointment of Arbitrator

42. - The hearing

43. - Time for rendering the award

SCHEDULE OF FEES

Fees

Registration fee
Administrative Fees
Arbitrators' Fees

ADDRESS

Address

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

The Venice Court of National and International Arbitration

Venice Court of National and International Arbitration

copy @ Lex Mercatoria

The Venice Court of National and International Arbitration

The Rules of The Venice Court of National and International Arbitration

Section Three - The Award

33. - Deposits

33.1 Upon receipt of notification from the Court of the establishment of the Tribunal, the Claimant and the Respondent shall each deposit an equal amount as an advance for the costs of arbitration. In the course of the arbitration, the Court may require that the Parties make supplementary deposits.

33.2 If the required deposits are not paid in full within 15 (fifteen) days after receipt of the corresponding notification, the Court informs the Parties in order that either of them may make the required payment.

33.3 Where the amount of the counter-claim greatly exceed the amount of the claim or involves the examination of significantly different matters, or where it otherwise appears appropriate in the circumstances, the Court in its discretion may establish two separate deposits on account of claim and counter-claim. If separate deposits are established, the totality of the deposit on account of claim is paid by the Claimant and the totality of the deposit on account of counter claim is paid by the Respondent.

33.4 If a Party fails, within 15 (fifteen) days after a second reminder in writing from the Court, to pay the required deposit, it is deemed to have withdrawn the relevant claim or counter-claim.

33.5 After the award has been made, the Court shall, in accordance with the award, render an accounting to the Parties of the deposits received and return any unexpended balance to the Parties or require the payment of any amount due by the Parties.


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