PROTECTION OF THE SUBJECTIVE RIGHTS OF A PERSON IN THE COURT OF ARBITRATION

Abstract

The importance of the work manifests in the study of the right of individuals to the protection of their interests in the court of arbitration, and as a result, new theoretical and practical conclusions are offered. Dispute settlement in the court of arbitration is usually characterised by three positive aspects: comparatively short dispute settlement time, lower costs, and confidentiality. Still, the environment of the Latvian courts of arbitration has earned a negative image, and their quick judgements are not always objective and fair. In Latvia, the number of studies in this field is small; studying issues related to courts of arbitration mostly gained popularity during the period when changes in the laws and regulations or passing a new Arbitration Law was planned. Studies where the practice of other countries in relation to courts of arbitration is explored primarily tend to analyse and study the international institute of the court of arbitration. The normative regulations that governs the operation of courts of arbitration in the latest years has been improved and developed; however, in general it does not form a positive legal practice. The research aim is to study the topic, individuals’ right to the protection of their interests in the court of arbitration, find problems and shortcomings, as well as offer a solution. The research object is civil judicial remedy for protecting individual’s interests, whereas the research subject is the individuals’ rights to the protection of their interests in the court of arbitration. The following scientific research methods have been used in the development of research work: special methods: grammatical method, analytical method, systemic method, historical method, teleological method, comparative method, semantic method; general scientific methods: inductive method and deductive method.