AGREEMENT BETWEEN THE COMMERCIAL ARBITRATION ASSOCIATION OF THE REPUBLIC OF CHINA AND THE BOARD OF TRADE OF THAILAND (AD.1991.08.06)-1

The Commercial Arbitration Association of the Republic of China(referred to as the “Association") and the Board of Trade of Th-ailand (referred to as the “Board"), believing that wider use ofcommercial arbitration will contribute to the stability of econ-omic transactions between the Republic of China and Thailand, h-ave agreed as follows:Article 1The Association and the Board shall each recommend enterprisesengaged in economic transactions between the Republic of Chinaand Thailand the insertion of the following arbitration clausein contracts between such enterprises:"All disputes that may arise between the parties out of or in r-elation to this contract shall be settled by arbitration underthe Chinese-Thai Arbitration Agreement. The place of arbitrationshall be, unless otherwise agreed between the Parties, the coun-try in which the respondent resides. In case the respondent isan enterprise of the Republic of China, the Arbitration shall beconducted by the Commercial Arbitration Association of the Repu-blic of China in accordance with the Commercial Arbitration Rul-es thereof." In case the respondent is an enterprise of Thailand, the arbitration shall be conducted by the Office of the Arbit-ration Tribunal attached to the Board of Trade of Thailand in a-ccordance with the Thai Commercial Arbitration Rules thereof.Article 2(1) Any arbitrator shall not be limited to the national of eith- er country where the arbitration takes place.(2) The language of English shall, unless otherwise agreed betw- een the Parties, be used in the arbitration proceedings eit- her at the Office of the Arbitration Tribunal attached to the Board or at the Association.Article 3The Association and the Board will co-operated to promote inter-national commercial arbitration between the two countries andwill exchange all necessary information and opinions conduciveto the realization of this Agreement.Article 4Believing that the bringing of their respective arbitration lawsand rules into closer harmony will contribute to the further s-tability and development in economic transactions between the e-nterprises of the two countries, the Association and the Boardwill exert every effort to this end.Article 5This Agreement shall be called the “Chinese-Thai Arbitration Ag-reement".This Agreement is done in duplicate in English, both copies bei-ng equally authentic and shall become effective on September 1,1991. THE COMMERCIAL ARBITRATION ASSOCIATION OF THE REPUBLIC OF CHINA (Signed) Wang, Ling-Lin, Chairman Bangkok, August 6, 1991 THE BOARD OF TRADE OF THAILAND (Signed) Yukta na Thalang, Chairman Bangkok, August 6, 1991