Committee endorses the draft law presented in the second reading
The Government proposes to make addenda and amendments to the law on Commercial Arbitration and the RA Civil Procedure Code. The legislative package was debated in the second reading and endorsed at April 21 sitting of the NA Standing Committee on State and Legal Affairs.
The RA Deputy Minister of Justice Armenuhi Harutyunyan reminded that the amendments were initiated, stemming from the priorities of the state for the alternative ways of development of the solution of the disputes. She noted that there is need to rectify some uncertainties existing within the framework of the legislation, to develop the Arbitration Institute, to mitigate the loading of courts.
“The proposals made during the period from the first to the second reading are mainly conditioned by the amendments made and already passed to the law on Commercial Arbitration,” the Deputy Minister noted and added that it is proposed to specify, particularly the legal regulation conditioned by the cases to be handed to the Compulsory Enforcement Service. According to her, the regulation will relate to the arbitration judgments, which emerged between the citizens of the Republic of Armenia or legal persons registered in Armenia.
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Another specification is also proposed in the RA Civil Procedure Code. Accordingly, in case, when an application on applying preliminary ensuring measures of the claim is presented to the court, then there will be no need to attach a document certifying the fact of being at the appropriate phase of arbitration.
The co-rapporteur Arusyak Julhakyan emphasized the adoption of the legislative package and proposed the attendees to endorse it.
National Assembly of the Republic of Armenia
