Fifth panel Topic: “Financial Disputes”.
Arman Aloyan- head of the Legal Department of Central Bank addressed the ways of resolving financial disputes, emphasized arbitration and highlighted its advantages for the financial sector. Financial system Mediator Piruz Sargsyan presented the role and functions of the Financial System Mediator Institute. Now, no arbitration points are included when the parties sign a contract. For the financial mediator to be able to decide, arbitration reservations should be noted. Gor Margaryan emphasized that banks prefer to resolve financial disputes through arbitration. He referred to the challenges that the Center may potentially face when resolving financial disputes. Patricia Shaughnessy highlighted the cooperation between international arbitration centers and AMCA, noting that the exchange of experience will allow the Center’s activities to be in line with international experience.