Basic conditions of international cooperation

Basic conditions of international cooperation

The AICAC is an international arbitration institution conducting legal proceedings in relation to disputes airing between residents of different states. Hearings and other arbitration procedures may be conducted by the AICAC arbitral tribunals considering particular disputes in any country of the world, as agreed upon with the interested parties.

The AICAC is interested in mutually beneficial cooperation with law firms and private attorneys in different countries of the world, who could act as representative offices, representatives or partners of the AICAC in their countries respectively.

The activity of representative offices and representatives of the AICAC in various countries is performed with regard to the following terms of organizational development and funding of international activities of the AICAC:

1) For the period of 2011-2012 funds for financing the development and promotion of the AICAC services will be taken from the net income of the AICAC obtained by means of charging administrative fees of the AICAC and providing other commercial services (18%), as well as some other amounts obtained in accordance with Paragraph 1 of the Order no. 07-11/b of 01/15/2011. These sums shall be accumulated into the specialized AICAC Development fund;

2) The sums specified in par. 1) shall be distributed, in order to finance the development and promotion of the AICAC services, as follows: 50% of the amounts shall be directed to funding the corresponding activities carried out by the central office of the AICAC in the USA; 50% of the amounts - to finance the corresponding activities carried out by regional offices of the AICAC in different countries;

3) The program of financing the necessary activities using the resources of the AICAC Development fund will be established and approved for each subsequent year by the AICAC Congress; the financing of individual operational activities, if necessary, shall be implemented by the decision of the AICAC President by agreement with the managing officials of the AICAC and on the proposal of respective regional representatives of the AICAC;

4) In the period of 2011-2012 private (individuals) and collective (legal entities) official representatives of the AICAC in various countries and regions will perform their functions under the following terms of financial remuneration: - 15% of net income from administrative fees and other incomes of the AICAC obtained with the direct participation or through the mediation of the corresponding official representatives; - 3% of net income from administrative fees and other incomes of the AICAC obtained without the direct participation of official representatives in states or regions inside the zone of representational powers of these persons.

5) One of the large-scale associated areas of joint activity of the AICAC partners in different countries, which would allow them to expand the scope and profitability of their personal business, will be an international program aimed at providing paid legal services in different countries, providing advice on matters of legislation of different states, as well as commercial services and representation abroad. By means of exchanging contact information and being constantly in touch with each other the AICAC partners in different countries will have the opportunity to offer their private customers relevant legal, advisory and representation services in foreign countries on mutually beneficial terms.

6) The AICAC HR-policy in relation to building the corps of arbitrators (judges) in 2011-2012 will be focused on preferential providing of the judicial statuses to persons who are official representatives of the AICAC in various countries and regions, and whose qualities meet the AICAC requirements for arbitrators.