Court of Arbitration is established in 1993 as a standing Court of Arbitration and registered with the Register of Courts of Arbitration under No 40003746396.
Dispute resolution shall be only referred to the Court of Arbitration when the parties have agreed so as provided by the law.
The Court of Arbitration resolves all disputes related to provision of financial issues and also other issues related to commercial bank activities. Other disputes may be resolved by the Court of Arbitration only after approval by the Chairperson of the Court of Arbitration.
The Court of Arbitration does not resolve disputes that pursuant to the law may only be resolved by the court.
Arbitration court helds proceedings in state language. In case it as agreed between parties, proceedings can be held in russian and english languages (In this case Arbitration costs could be increased).
The procedures according to which settlement of disputes by the Court of Arbitration takes place shall be determined by these Regulations.
Rules of the Court of Arbitration of the Association of Commercial Banks of Latvia
Phone +371 26549905,
Visitors are admitted – the place and time:
Krisjana Valdemara street 35, Riga, LV-1010 (Latvian Chamber of commerce and industry)
on Mondays from 15:00 to 16:30,
on Thursdays from 10:00 to 11:30,
or on other days by prior arrangement by phone +371 67284561