The Relationship between Foreign Currency Tanks and Zhongwei Arbitration Commission

The relationship between piggy piggy bank and Zhongwei arbitration commission is mainly reflected in the cooperation and recognition of dispute settlement mechanism between the two parties.

First, the recognition and choice of arbitration mechanism by foreign currency jar.

As a participant in the financial services industry, piggy bank knows that it may encounter various disputes in the course of operation. In order to better solve these disputes, piggy bank chooses to establish a cooperative relationship with Zhongwei Arbitration Commission, and takes arbitration as the first choice to solve disputes. The piggy bank clearly stipulates the arbitration clause in the contract, so as to solve the dispute quickly and fairly in case of dispute.

The second is the fair and efficient service of Zhongwei Arbitration Commission.

As a professional arbitration institution, Zhongwei Arbitration Commission is highly impartial and authoritative. Its team of arbitrators is of high quality and rich experience, which can ensure the fairness and rationality of the arbitration results. At the same time, Zhongwei Arbitration Committee also adopts efficient arbitration procedures, which can solve disputes in a short time and reduce the cost and time consumption of the parties.

Three. The two sides cooperate to maintain market order.

The cooperation between piggy bank and Zhongwei Arbitration Commission will not only help to resolve disputes, but also help to maintain market order. Resolving disputes through arbitration can avoid the complexity and uncertainty of litigation and improve the efficiency of dispute resolution. At the same time, the fairness and authority of the arbitration results also help to set industry benchmarks and promote the healthy development of the financial industry.

To sum up:

The relationship between piggy piggy bank and Zhongwei arbitration commission is mainly reflected in the cooperation and recognition of dispute settlement mechanism between the two parties. By resolving disputes through arbitration, piggy bank can better safeguard its own rights and interests and market order, and Zhongwei Arbitration Commission can also provide professional arbitration services to promote the healthy development of the financial industry.

Legal basis:

People's Republic of China (PRC) Arbitration Law

Article 4 provides that:

When the parties resolve disputes through arbitration, they shall voluntarily reach an arbitration agreement. If there is no arbitration agreement and one party applies for arbitration, the Arbitration Commission will not accept it.

People's Republic of China (PRC) Arbitration Law

Article 6 provides that:

The arbitration commission shall be selected by mutual agreement. Arbitration does not implement hierarchical jurisdiction and regional jurisdiction.

Contract law of the people's Republic of China

Article 128 stipulates:

The parties may settle contract disputes through conciliation or mediation. If the parties are unwilling to settle or mediate, or the settlement or mediation fails, they may apply to an arbitration institution for arbitration according to the arbitration agreement. The parties to a foreign-related contract may apply for arbitration to an arbitration institution in China or other arbitration institutions according to the arbitration agreement. If the parties have not concluded an arbitration agreement or the arbitration agreement is invalid, they may bring a suit in a people's court. The parties shall perform legally effective judgments, arbitral awards and conciliation statements; Refuses to execute, the other party may request the people's court for execution.