Commercial Arbitration Court- Iceland Chamber of Commerce

Established under the Iceland Chamber of Commerce, the Commercial Arbitration Court is administred by an independent board, the role of which is to decide whether a case can be submitted to arbitration and then to appoint the Chairman of the Arbitral Tribunal. A reference of a case to the Arbitration Court has to be based on an Agreement of the parties. The decisions of an arbitral tribunal can be enforced in Iceland and can only be re-tried in the general Courts on procedural matters.