“Wrong” arbitral clause in an Italy-Spain joint-venture

In the setting of a successful international joint-venture  a conflict emerges over the interpretation of some contractual clauses, including the one about arbitration which, following counseling, proved to refer to a non-existent arbitration institution.
Counseling on the possible negotiating options in order to overcome the divergences between the parties in order to avoid risks of quarrel.
Countries: Spain and Italy
Industry: Manufacturing

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