Business Law Deneme Sınavı Sorusu #747742

I. The arbitration agreement establishes an obligation to arbitrate between the parties. 

II. An arbitration agreement vests the arbitrators with the necessary power to resolve those disputes that the parties agreed to entrust to the arbitral tribunal. 

III. A valid arbitration agreement excludes the jurisdiction of national courts.

Which of the above is/are the effect(s) of an arbitration agreeement?


Only I

Only III

I and III

II and III

I, II and III


Yanıt Açıklaması:

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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