Order n.º 48/GM/98

The World Trade Center – Macau, SARL (Centro de Comércio Mundial – Macau, SARL) intending to promote voluntary arbitration, with an institutional nature, under the terms of Article 1 of Decree – law n.º 40/96/M, of 22 July, requested permission to create a Voluntary Arbitration Center.

Being well known the importance of the petitioner, as well as its dignity and technical capacity to perform the activity it intends to execute, the conditions that guarantee its adequate compliance are gathered; therefore all legal requirements to grant such permit are fulfilled.

So, under Article 3 of Decree – law n.º 40/96/M of 22 July:

1. I approve the creation of the Voluntary Arbitration Center of the World Trade Center – Macau, SARL.
2. The Center promotes the execution of general voluntary arbitration and has registered office in Macau, Av. da Amizade, World Trade Center, n.º 918, 17th floor.
3. The scope of the Center is to promote the resolution of:

a) Disputes between the members of the World Trade Center – Macau, SARL, the members of other World Trade Centers and/or the members of the world Trade Center Association, Incorporated, State of Delaware, U.S.A;
b) Disputes between the abovementioned members and any third parties.
c) Any disputes regarding civil, administrative or commercial matters, between any third parties.

4. The parties must submit the resolution of the disputes referred in Article 3 through a previous arbitration agreement.

To be published.

Office of the Governor, Macau, June 5th of 1998. – The Governor Vasco Rocha Vieira.