Chapter VI Arbitration |
| Article 166 | Parties to any dispute arising in connection with securities trading conducted under this Act may, pursuant to their agreement, conduct arbitration. However, any dispute arising between a securities firm and a stock exchange or between securities firms shall be put to arbitration regardless of whether the parties have entered into an arbitration agreement.
Unless otherwise provided in this Act, arbitration under the preceding paragraph shall be governed by the Arbitration Act. |
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| Article 167 | When a party to a dispute files any legal action in violation of the provisions of the preceding paragraph, the other party may petition the court to dismiss such action. |
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| Article 168 | In the event the arbitrators appointed by the parties to a dispute fail to select another arbitrator as provided by their agreement, the Competent Authority may appoint the arbitrator upon application or ex officio. |
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| Article 169 | Unless an action is commenced to set aside an arbitral award pursuant to Article 40 of the Arbitration Act, the Competent Authority may order the suspension of the business of a securities firm if the securities firm fails to perform or delays in performing under an arbitral award or settlement reached in accordance with Article 44 of the Arbitration Act. |
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| Article 170 | Securities associations and stock exchanges shall specify in their articles of association/incorporation or rules provisions relating to arbitration. Such provisions shall not conflict with this Act or the Arbitration Act. |
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