A clause in a contract reads, “This Agreement shall be governed by and construed in accordance with the BCDR Arbitration Rules. The seat of arbitration shall be in Bahrain.” Which of the following statements represents the most accurate description of this clause? (LO1, LO2, LO3)

Question

Answer

Parties shall mediate any dispute. The governing law is BCDR Arbitration Rules, and the jurisdiction is Bahrain.

Answer

Parties shall arbitrate any dispute. The governing law is BCDR Arbitration Rules, and the jurisdiction is Bahrain.

Answer

Parties shall litigate any dispute. The governing law is Bahraini law, and the jurisdiction is Bahrain.

Answer

Parties shall arbitrate any dispute. The governing law is Bahraini courts, and the jurisdiction is the BCDR centre.

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A clause in a contract reads, “This Agreement shall be governed by and construed...

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