STOCKHOLM CHAMBER OF COMMERCE ARBITRATION INSTITUTE EVENT

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STOCKHOLM CHAMBER OF COMMERCE ARBITRATION INSTITUTE,
AZERBAIJAN ARBITRATION AND MEDIA CENTER AND
JOINT EVENT OF BAKER & MCKENZIE COMPANY

 

 


Azerbaijan's rapid economic development and successful legal reforms create favorable conditions for the expansion of relations with international organizations in our country, as well as the creation of new independent non-governmental organizations. The organization and activity of an independent international arbitration court in Azerbaijan is a manifestation of the successful integration of our republic into the world community.

On February 11-13, a workshop on international commercial arbitration with the participation of the Stockholm Chamber of Commerce Arbitration Institute and Baker & Mackenzie Law Firm was held at the Grand Hotel Europe in Baku with the organizational support of the Azerbaijan Arbitration and Mediation Center.
Speaking at the opening ceremony, Hikmet Mirzayev, Chairman of the Judicial Board for Economic Disputes of the Supreme Court of the Republic of Azerbaijan, Vidadi Mirkamal, Chairman of the International Commercial Arbitration Court of Azerbaijan, and Natalya Petrik, Lawyer of the Arbitration Institute of the Stockholm Chamber of Commerce, noted the growing popularity of arbitration ideas in Azerbaijan. They spoke about the work and the importance of international cooperation of arbitration institutions. Then, in accordance with the program, reports of experts from the Stockholm Arbitration and Baker & Mackenzie Law Firm on the conduct of international commercial arbitration in Russian and English were heard and discussed.
The guests also visited the office of the Azerbaijan Arbitration and Mediation Center established by the Center for Legal Reforms, got acquainted with the activities of the organization, answered questions of Azerbaijani arbitrators and praised the successful operation of international arbitration in our country. They expressed satisfaction with the existence of such conditions and stressed that cooperation would continue.
Rabiyat Aslanova, Chairman of the Parliamentary Standing Committee on Human Rights, Ali Huseynov, Chairman of the Parliamentary Commission on Legal Policy and State Building, Latif Huseynov, Head of the State Building Legislation Department of the Milli Majlis Office and a group of members of the Milli Majlis met with the organizers of the workshop on commercial arbitration. Chairman of the Center for Legal Reforms Fatali Abdullayev, Director of the Azerbaijan Arbitration and Mediation Center Natig Abdullayev, Chairman of the Azerbaijan International Commercial Arbitration Court Vidadi Mirkamal, Secretary General Alida Mahmudova, lawyer of the Arbitration Institute of the Stockholm Chamber of Commerce Natalya Petrik, group leaders Vladimir Khvaley, Tatyana Baker and Mackenzie International Law Fellow Jonas Benediktsson and Winge Law Fellow Krister Soderlund. The guests from Stockholm spoke about the growing spread of arbitration ideas in the world, witnessed the important work done in Azerbaijan in this area, the importance of international cooperation of arbitration institutions and thanked for the warm welcome.
The guests also expressed satisfaction with the economic growth in Azerbaijan, legal reforms and measures taken in the country to become an equal member of the European family.
It should be noted that the purpose of the three-day workshop was to provide practical training to Azerbaijani lawyers, to demonstrate the application of the principles and rules that form the basis of the arbitration process in a particular dispute. The workshop also covered the preparation of arbitration applications, defendant's explanations, lawsuits and other key documents. All practical exercises, lectures were conducted under the guidance of foreign experts in Russian and English, and simultaneous translation into Azerbaijani was provided. The staged process was conducted in Russian.
At the end, the participants were awarded diplomas of the Arbitration Institute of the Stockholm Chamber of Commerce.
It should be noted that Sweden is one of the countries in the world with an ancient and rich tradition of arbitration. The first provisions on arbitration were adopted in Swedish law in 1359. The first Arbitration Law was passed in 1887. The Arbitration Institute of the Stockholm Chamber of Commerce was established in 1917 and operates as a separate body under the Chamber. In the 1970s, the Institute was recognized by the United States and the Soviet Union as a neutral center for resolving West-East trade disputes. During this time, the Stockholm Arbitration Institute has become one of the world's leading arbitration centers. Some time ago, the Stockholm Arbi in the dispute over gas supplies between Russia and Ukraine