The basic principles of arbitration are:

1. Free will

Any adoption of dispute settlements via arbitration shall be subject to the free will of and supported by an arbitration agreement by and between both parties to the actual dispute. In the case of an application for arbitration without such an arbitration agreement or by either party to the actual dispute only, such an application will not be accepted by the arbitration committee.

2. Fair and rational settlement of a dispute, subject to facts and law

Any and all arbitrations shall be subject to facts and in conformity with the applied law in order to settle any and all disputes in a fair and rational manner, which is the fundamental guarantee for correct resolution.

3. Independence

Any and all arbitrations shall be carried out independently in accordance with the law and subject to no interference by any administration, social organization and/or individual.

The basic systems of arbitration are:

(1) The system of arbitration upon mutual agreement;

(2) the system of recusation, and

(3) the system of one-verdict-is-final.