There are many reasons for economic disputes, both subjective and objective. Combined with the situation of China's economic activities, there are three main reasons for economic disputes:
1, the basis of economic activities is not standardized. Non-standard basis is the main reason for economic disputes when market participants engage in economic activities. The gentleman's contract can be seen everywhere, which leads to no rules to follow in the performance of economic contracts, thus resulting in disputes;
2. In economic activities, we don't strictly abide by the rules, and some subjects of economic and legal relations don't strictly act according to the law. According to their own interests, they deliberately fail to perform contracts or conclude fake contracts, causing disputes;
3, the relevant departments of administrative intervention, resulting in economic disputes.
(A) the concept of arbitration
Arbitration refers to a method in which both parties reach a written arbitration agreement before or after a dispute, and voluntarily submit the dispute between them to an arbitration institution agreed by both parties for trial and adjudication, so as to solve the dispute.
(B) the characteristics of arbitration
1. Arbitration is based on the will of both parties;
2. The arbitration institution is a non-governmental organization;
3. The arbitral award has mandatory legal effect;
4. The arbitration process and results are confidential;
5. Arbitration is fast.
(3) Basic principles of arbitration
The basic principle of arbitration is the guiding principle in the process of arbitration, and it is also the code of conduct that arbitration institutions and both parties must abide by.
1, the principle of independent arbitration according to law;
2. The principle of party autonomy;
3. The principle of jurisdiction by agreement;
4. The principle of final appeal;
5. The principle of fairness and reasonableness.
Legal basis:
Article 2 Arbitration Law of People's Republic of China (PRC) Contract disputes and other disputes over property rights and interests between citizens, legal persons and other organizations as equal subjects may be arbitrated.