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Translated from Latvian
"Riga International Arbitration Court, as well as state court institutions, settles civil disputes, and it is widely recognized. It is essential that the arbitration court settles a civil dispute in a short time, compared to the three-instance lengthy process in state court institutions. The decision of the arbitration court enters into effect on the day of being passed. The principle of secrecy of the process of arbitration court certified in the law is considered to be among benefits of such process in cases when the parties are reluctant to publish data on a dispute between themselves, the progress and results of settlement thereof." Supreme Court of the Republic of Latvia, Senate Senator O. Druks - Jaunzems "Riga International Arbitration Court is one of the most active among other institutions of such jurisdiction. Statistics indicate that this arbitration court considers more civil cases than other arbitration courts of Latvia. There are arbitrators of sufficiently high competence here too. The new Civil Proceeding Law filling in the long lasting "gap" in legislation and regulating activities of arbitration courts and the process of arbitration court at the level conforming to modern requirements entered into effect from March 1, 1999 (CPL, Section "D"). Thus cause of doubts has been removed that no appropriate protection of concerned or contested rights may be achieved and no coercive execution of the award may be assured in the arbitration court. Moreover, the process of arbitration court has a number of benefits: speed, possibility to choose competent judges, confidentiality, free choice of the language of litigation, etc." Docent of the University of Latvia Law Faculty, Doctor of Law J. Rozenbergs |
