LAW OF THE REPUBLIC OF ARMENIA

of July 7, 2015 No. ZR-76

About entering of amendments and changes into the Law of the Republic of Armenia "About commercial arbitration"

Accepted by National Assembly of the Republic of Armenia on June 19, 2015

Article 1. Article 1 of the Law of the Republic of Armenia "About commercial arbitration" of December 25, 2006, ZR-55-N (further - the Law) to add with part 5 of the following content:

"5. This Law extends also to the disputes which do not have commercial nature if the Law provides possibility of dispute decision in arbitral procedure.".

Article 2. To state item 4 of article 2 of the Law in the following edition:

"4) the concept "commercial" includes all disputes of commercial nature arising from the civil relations. Commercial nature, without restrictions, in particular includes following from the concluded bargains or related, disputes between banks or other financial organizations and their clients, the legal relations connected with deliveries and exchange of goods and provision of services, commercial representations and the agencies, factoring, lease, leasing, performance of works, consultations, designing, licensing, implementation, financing, insurance, operation or concession, joint venture or other types of industrial, entrepreneurial cooperation, maritime, airborne, rail and motor transportations;".

Article 3. Shall be replaced with words the words "or to the postal address" of Item 1 of part 1 of article 3 of the Law "or other means of communication providing communications";

Article 4. To state article 6 of the Law in the following edition:

"Article 6. The court helping arbitration and controlling it

1. Functions, stipulated in Article 9, parts 3 and 4 of Article 11, part 3 Articles 13, Article 14, article 27 of this Law is performed by court on the arbitration location.

2. The functions provided by part 2 Articles 34, articles 35-36.2 of this Law Kentron and Nork-Marash performs court of law of administrative areas.".

Article 5. In article 8 of the Law:

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