ArmInfo. Armenia plans to allocate 7.5 million drams for the development of the arbitration sector. The decision was made at a government meeting on May 14.
The project's rationale notes that this initiative is intended to promote arbitration as an effective, reliable, and best-in-class international dispute resolution mechanism, while strengthening institutional and professional capacity and raising public awareness of the sector. The initiative will include public and professional discussions on arbitration, bringing together representatives of government agencies, the private sector, the legal community, academia, and international experts to ensure a constructive dialogue on current challenges in the sector, legislative changes, and practical application issues.
A key component of the campaign will be the organization of an annual Arbitration Week, which will serve as a leading platform for exchanging experiences between international and local experts and representatives from various sectors, identifying new partnerships, and positioning Armenia as a regional arbitration hub. Targeted trainings and seminars will also be held. The campaign, if necessary, may also include public awareness-raising and communication activities, as well as the development and dissemination of information and methodological materials.
The Legislation Development Center, which will receive the grant funds, will be responsible for all of these tasks.
