Legal status of the AICAC

The American International Commercial Arbitration Court is a non-governmental, independent, institutional arbitration tribunal established and operating in accordance with the rules of international law, the U.S. Federal law and the laws of the separate U.S. States, interstate agreements on international commercial arbitration, as well as the Statute, the Regulation “On the American International Commercial Arbitration Court” and the Rules of the Arbitration Court.

The Arbitration Court is a legal entity with the status of an international arbitration institution organizing and executing the arbitration and other alternative methods of settlement of international commercial (economic, trade) disputes, domestic (within the US borders) and international civil legal disputes, as well as other disputes, arising from agreements and contracts.

In order to support its activities and achieve its goals and objectives, defined by the AICAC Statute and Regulations, the Arbitration Court may establish (independently or jointly with other entities and individuals) companies, subsidiaries, branches, representative offices, and other international commercial arbitration tribunals, as well as reference tribunals in different U.S. states and other countries of the world.

The main competency of the Arbitration Court is organization and execution of the arbitration and other alternative methods of settlement of international commercial (economic, trade) disputes, domestic (within the US borders) and international civil legal disputes, as well as other disputes, arising from agreements and contracts.

The Arbitration Court is authorized to consider international commercial (economic, trade) disputes, domestic (within the US borders) and international civil legal disputes, as well as other disputes, arising from agreements and contracts, if the disputing parties conclude a written arbitration agreement or an agreement to mediate.

The Arbitration Court is also entitled to consider disputes arising from arbitration clauses included into economic and commercial agreements signed between states.

Administration, procedures and rules of settlement of disputes are determined by the Regulations of the Arbitration Court, and also by the Special Regulations of the Arbitration Court regulating the specific features of mechanisms of consideration of disputes (by the Arbitration Court) arising from the investment relations and relations based on contracts concluded in professional sports, and also labor contracts.

The Arbitration Court operates under the U.S. Federal law and the laws of the separate U.S. States, interstate agreements on international commercial arbitration, as well as the Statute, this Provision, the Regulation, and the Special Rules of the Arbitration Court.

In accordance with international rules, when considering certain disputes the Arbitration Court has the right to rely upon the rules of national legislations of separate countries.

Upon request of interested parties, the Arbitration Court renders assistance in organization of ad hoc arbitration.

At the relevant request of parties concerned, the Arbitration Court shall carry out the mediation procedure.

The Arbitration Court has its own corporate logo, emblem, hymn, decorations, special uniform, hierarchy of positions and the system of position-related (official) ranks and titles.

The AICAC founder is the International Union of Commerce and Industry (Limited) - 1 Kings Avenue, London N21 3NA, UK, which acts as a large international association of businessmen, enterprises and scholars. The IUCI provides full assistance for the international development of business, expansion of boundaries of commercial contacts between businessmen from different countries, strengthening of the role of business in solving global problems and managing the social processes. Among the major projects of the IUCI the implementation of the following programs should be noted: the International Congress of Business Elite, the International Discount Program, the International Academy of Science and Higher Education (UK), the American International Commercial Arbitration Court (USA), the International Universal Exchange of Secure Trade of Economic Resources, the International certification standard of quality - 775 - "ICSQ-775".