Law of Arbitration

1. The arbitration agreement may be concluded prior to the occurrence of a dispute whether in the form of a separate agreement or stipulated in a specific contract. The arbitration agreement may also be concluded after the occurrence of a dispute, even if such dispute was the subject of an action before the competent court. In such case, the agreement shall determine the issues included in the arbitration; otherwise, the agreement shall be void. 2. The arbitration agreement shall be in writing; otherwise, it shall be void. 3. An arbitration agreement shall be deemed written if it is included in a document issued by the two parties or in an exchange of documented correspondence, telegrams, or any other electronic or written means of communication. A reference in a contract or a mention therein of any document containing an arbitration clause shall constitute an arbitration agreement. Similarly, any reference in the contract to the provisions of a model contract, international convention, or any other document containing an arbitration clause shall constitute a written arbitration agreement, if the reference clearly deems the clause part of the contract.