Business Law Deneme Sınavı Sorusu #945023
Which of the following alternatives is true about the arbitration agreement?
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A valid arbitration agreement includes the jurisdiction of national courts. |
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The invalidity of the main contract automatically means that the arbitration clause is also invalid. |
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It is possible to submit all kinds of disputes to arbitration. |
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The arbitration agreement establishes an obligation to arbitrate between the parties. |
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There are not any requirements as to the form of the arbitration agreements in any of the national arbitration laws. |
The arbitration agreement has three effects: First, the arbitration agreement establishes an obligation to arbitrate between the parties. Second, an arbitration agreement vests the arbitrators with the necessary power to resolve those disputes that the parties agreed to entrust to the arbitral tribunal. Third, a valid arbitration agreement excludes the jurisdiction of national courts.
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