Azerbaijan to establish a special Court of Arbitration

Baku. 23 May. REPORT.AZ/ It is proposed to establish a special Court of Arbitration (Centre) in Alat.

Report informs, it was stated in the report of "DP World" (UAE), international consultant on creation of a special economic zone in Alat settlement, Garadagh district of Baku.

According to proposal, the centre will be engaged in commercial and civil cases.

"The underlying law will be the law of any country, chosen by parties under the contract. In particular, the UK and Azerbaijani law may prevail. However, the parties are free to choose any law. The judges may be local (local staff specializing in the UK in this area) or those invited from other countries", proposal says.