Arbitration of Disputes in Commercial Paper Market

Arbitration delegation forenamed in the law of commercial paper market, (1384), investigation the disputes of commercial paper market will a compulsory nature as a semi-judiciary resource. Two kinds of jurisdictions are predicted for the arbitration delegation one of which is common and the other one is private jurisdiction. Before the investigation of the arbitration delegation, the considered dispute should necessarily be referred to the related institutes. In case of not reaching on agreement, the arbitration delegation starts its investigation automatically. Indeed the structure, ceremonies, procedure of trial and the pronouncement for the arbitration of disputes, brings the delegation far closer to the legal judicial organs.