Regulation Governing Organization, Mediation Procedures and Fees of Arbitration Institution Article 7

An arbitration institution solely or jointly established by any professional organization of any level may handle arbitration matters relevant to the profession; if solely or jointly established by any social organization of any level, an arbitration institution may handle arbitration matters relevant to its respective business.To establish an arbitration institution, it shall be for the professional or social organization solely or jointly applying for the establishment to submit to the MOI the application form, each participating organization’s registration certificate, the arbitration institution’s member roster, draft charter of association, founding members roster and draft ethical rules of arbitrators and relevant evidencing documents set out in Article 4; an approval will be granted only after obtaining the consent of the MOJ which shall have consulted each regulatory authority of respective business.