USING ARBITRATION TO RESOLVE FINANCIAL DISPUTES IN THE PHILIPPINES
( Pp. 42-46)
More about authors
Sitkareva Elena V.
kandidat yuridicheskih nauk, docent, docent kafedry grazhdanskogo prava i processa i mezhdunarodnogo chastnogo prava
RUDN University Law Institute
RUDN University Law Institute
Abstract:
The article notes that the Philippine arbitration law includes three main acts: 1) New Civil Code, 2) Arbitration Law of 1953 and 3) Alternative Dispute Resolution Act 2004. The Construction Industry Arbitration Law of 1985, (Executive Order No. 1008), should also be mentioned. The author emphasizes that despite the long history of supporting alternative dispute resolution methods, arbitration and, especially, international arbitration have not received the same development as in most countries. In the Philippines, the time constraints and high cost of litigation most often lead contracting parties to arbitration, but choosing this increasingly popular dispute resolution method remains obstacles to be remembered. Based on the study, it was revealed that the Philippines lacks special legislation regulating the arbitration procedure for resolving financial disputes. At the same time, commercial arbitration is quickly gaining popularity in the Philippines as the most practical of all alternative dispute resolution methods.
How to Cite:
Sitkareva E.V., (2019), USING ARBITRATION TO RESOLVE FINANCIAL DISPUTES IN THE PHILIPPINES. Gaps in Russian Legislation, 3 => 42-46.
Reference list:
Alternative Dispute Resolution Act of 2004. URL: http://www.lawphil.net/statutes/repacts/ra2004/ra 9285 2004.html Data obrashcheniya 24.01.19.
Republic Act No. 386 June 18, 1949. The Civil Code of the Philippines. URL: https://www.wipo.int/edocs/lex-docs/laws/en/ph/ph021en.pdf Data obrashcheniya 24.01.19.
Republic Act No. 876. URL: http://www.lawphil.net/ statutes/repacts/ra1953/ra 876 1953.html Data obrashcheniya 24.01.19.
Rules of Court on Alternative Dispute Resolution URL: http://oadr.doj.gov.ph/documents/a-m-no-07-11-08-sc-special-rules-of-court-on-alternative-dispute-resolution/ Data obrashcheniya 24.01.19.
Presidential Decree No. 1083 quot;Code of Muslim Personal Laws of the Philippines quot; URL:http://www.chanrobles. com/presidentialdecreeno1083.htm .U bhvsV uE0 Data obrashcheniya 24.01.19.
Executive Order No. 1008. URL: http://www.lawphil. net/executive/execord/eo1985/eo 1008 1985.html Data obrashcheniya 24.01.19.
Ermakova E.P. Grazhdanskiy protsess, arbitrazh i mediatsiya v Gonkonge, Indonezii, Malayzii, Singapure i Filippinakh. Monografiya. M, YUrlitinform, 2015, 155.
Rusakova E.P. Mediatsiya i arbitrazh v TSentre po razresheniyu finansovykh sporov v Gonkonge (Financial Dispute Resolution Centre (FDRC)). Sotsial no-politicheskie nauki, 2018, № 2, S. 400-402.
Augusto A. San Pedro Jr. and Taguian Raquel Wealth A. Arbitration law in the Philippines. January 2018. URL: https://www.vantageasia.com/arbitration-law-in-the-philippines/ Data obrashcheniya 24.01.19.
Elena Petrovna Ermakova, Ekaterina Petrovna Rusakova, Elena Vitalievna Sitkareva, Evgenia Evgenevna Frolova. Main Components of Protecting Consumers of Financial Products in Asian-Oceanic (APAC) Countries// International Journal of Engineering and Technology (UAE) (ISSN2227524X-United Arab Emirates-Scopus) (DOI: 10.14419/ijet.v7i4.38.24343) Published on:, Vol. 7, No 4.38 (2018). P. 157.
Lazatin Victor P. Prodigalidad Patricia Ann T. Arbitration in the Philippines. URL: https://www.aseanlawasso-ciation.org/9GAdocs/w4 Philipines.pdf Data obrashcheniya 24.01.19.
Marcelo Simeon V. Arbitration procedures and practice in Philippines: overview. Dec 2015// Westlaw //Practical Law. URL: https://content.next.westlaw.com/ Document/I9c77f73a9cf011e598dc8b09b4f043e0/View/ FullText.html contextData (sc.Default) transitionType Default firstPage true bhcp 1 Data obrashcheniya 24.01.19.
Miroshnichenko, O.I., Samusenko, T.M., Gaivoronskaya, Ya.V., Frolova, E.E. (2018) DOCTRINE IN THE MODERN WORLD: LEGAL TRADITIONS AND MODERN POTENTIAL// The Social Sciences (Pakistan). Vol. 13. no. 2. pp. 235-240.Office for Alternative Dispute Resolution (OADR)).URL: https://www.doj.gov.ph/office-for-alternative-dispute-resolution.html Data obrashcheniya 24.01.19.
PDRCI Official Report for 2014. URL: http://www.pdrci.org/ Data obrashcheniya 25.01.19.
Soliven Jan Vincent, Rocha Lenie. Philippines// The International Arbitration Review - Edition 9. Published: August 2018. https://thelawreviews.co.uk/edition/the-international-arbitration-review-edition-9/1171759/philippi-nes Data obrashcheniya 23.01.19.
Republic Act No. 386 June 18, 1949. The Civil Code of the Philippines. URL: https://www.wipo.int/edocs/lex-docs/laws/en/ph/ph021en.pdf Data obrashcheniya 24.01.19.
Republic Act No. 876. URL: http://www.lawphil.net/ statutes/repacts/ra1953/ra 876 1953.html Data obrashcheniya 24.01.19.
Rules of Court on Alternative Dispute Resolution URL: http://oadr.doj.gov.ph/documents/a-m-no-07-11-08-sc-special-rules-of-court-on-alternative-dispute-resolution/ Data obrashcheniya 24.01.19.
Presidential Decree No. 1083 quot;Code of Muslim Personal Laws of the Philippines quot; URL:http://www.chanrobles. com/presidentialdecreeno1083.htm .U bhvsV uE0 Data obrashcheniya 24.01.19.
Executive Order No. 1008. URL: http://www.lawphil. net/executive/execord/eo1985/eo 1008 1985.html Data obrashcheniya 24.01.19.
Ermakova E.P. Grazhdanskiy protsess, arbitrazh i mediatsiya v Gonkonge, Indonezii, Malayzii, Singapure i Filippinakh. Monografiya. M, YUrlitinform, 2015, 155.
Rusakova E.P. Mediatsiya i arbitrazh v TSentre po razresheniyu finansovykh sporov v Gonkonge (Financial Dispute Resolution Centre (FDRC)). Sotsial no-politicheskie nauki, 2018, № 2, S. 400-402.
Augusto A. San Pedro Jr. and Taguian Raquel Wealth A. Arbitration law in the Philippines. January 2018. URL: https://www.vantageasia.com/arbitration-law-in-the-philippines/ Data obrashcheniya 24.01.19.
Elena Petrovna Ermakova, Ekaterina Petrovna Rusakova, Elena Vitalievna Sitkareva, Evgenia Evgenevna Frolova. Main Components of Protecting Consumers of Financial Products in Asian-Oceanic (APAC) Countries// International Journal of Engineering and Technology (UAE) (ISSN2227524X-United Arab Emirates-Scopus) (DOI: 10.14419/ijet.v7i4.38.24343) Published on:, Vol. 7, No 4.38 (2018). P. 157.
Lazatin Victor P. Prodigalidad Patricia Ann T. Arbitration in the Philippines. URL: https://www.aseanlawasso-ciation.org/9GAdocs/w4 Philipines.pdf Data obrashcheniya 24.01.19.
Marcelo Simeon V. Arbitration procedures and practice in Philippines: overview. Dec 2015// Westlaw //Practical Law. URL: https://content.next.westlaw.com/ Document/I9c77f73a9cf011e598dc8b09b4f043e0/View/ FullText.html contextData (sc.Default) transitionType Default firstPage true bhcp 1 Data obrashcheniya 24.01.19.
Miroshnichenko, O.I., Samusenko, T.M., Gaivoronskaya, Ya.V., Frolova, E.E. (2018) DOCTRINE IN THE MODERN WORLD: LEGAL TRADITIONS AND MODERN POTENTIAL// The Social Sciences (Pakistan). Vol. 13. no. 2. pp. 235-240.Office for Alternative Dispute Resolution (OADR)).URL: https://www.doj.gov.ph/office-for-alternative-dispute-resolution.html Data obrashcheniya 24.01.19.
PDRCI Official Report for 2014. URL: http://www.pdrci.org/ Data obrashcheniya 25.01.19.
Soliven Jan Vincent, Rocha Lenie. Philippines// The International Arbitration Review - Edition 9. Published: August 2018. https://thelawreviews.co.uk/edition/the-international-arbitration-review-edition-9/1171759/philippi-nes Data obrashcheniya 23.01.19.
