*This chapter includes both the original Spanish and the English translation

SPAIN

2. English Translation

LAW No. 60/2003 OF DECEMBER 23 ON ARBITRATION

TABLE OF CONTENTS

CHAPTER 1-- General Provisions

Art. 1. Scope of Application

Art. 2. Matters Which May Be Solved Through Arbitration

Art. 3. International Arbitration

Art. 4. Rules of Interpretation

Art. 5. Notices, Communication and Calculating Time Limits

Art. 6. Implied Waiver of Right to Challenge

Art. 7. Court Intervention

Art. 8. Court Authority for the Functions of

Arbitration Assistance and Supervision

CHAPTER II-- On the Arbitration Agreement and Its Effects

Art. 9. Form and Contents of the Arbitration Agreement

Art. 10. Arbitration in Wills and Inheritance

Art. 11. Arbitration Agreement and Claims before a Court

CHAPTER III-- On the Arbitrators

Art. 12. Number of Arbitrators

Art. 13. Capacity to Be an Arbitrator

Art. 14. Institutional Arbitration

Art. 15. Appointment of Arbitrators

Art. 16. Acceptance by the Arbitrators

Art. 17. Grounds for Challenge

Art. 18. Challenge Procedure

Art. 19. Failure or Impossibility to Act

Art. 20. Appointment of a Substitute Arbitrator

Art. 21. Responsibility of the Arbitrators and the Arbitration Institutions.

Down Payment of Fees.

CHAPTER IV-- On the Competence of the Arbitrators

Art. 22. Competence of Arbitrators to Rule on Their Jurisdiction

Art. 23. Power of the Arbitrators to Adopt Interim Measures

CHAPTER V-- On the Conduct of Arbitration Proceedings

Art. 24. Principles of Equal Treatment, Right of Being Heard and Contradiction

Art. 25. Determination of Procedural Rules

Art. 26. Place of Arbitration

Art. 27. Commencement of the Arbitral Proceedings

Art. 28. Language

Art. 29. Statements of Claim and Defense

Art. 30. Hearings and Written Proceedings

Art. 31. Default of a Party

Art. 32. Experts Appointed by the Arbitrators

Art. 33. Court Assistance in Taking Evidence

CHAPTER VI-- Handing Down the Arbitral Award and Termination

of the Proceedings

Art. 34. Rules Applicable to the Substance of the Dispute

Art. 35. Decision-Making by a Panel of Arbitrators

Art. 36. Consent Award

Art. 37. Time Limit, Form, Contents and Notification of the Award

Art. 38. Termination of the Proceedings

Art. 39. Correction, Clarification and Completion of the Award

CHAPTER VII-- Annulling and Reviewing the Arbitral Award

Art. 40. Action to Annul the Arbitral Award

Art. 41. Grounds

Art. 42. Proceedings

Art. 43. Res judicata and Reviewing Final Awards

CHAPTER VIII-- Enforcement of the Award

Art. 44. Applicable Rules

Art. 45. The Suspension, Stay and Lifting of Stay of Enforcement in the Event That an

Action for Annulment of the Award is Undertaken

CHAPTER IX-- Exequatur of Foreign Arbitral Awards

Art. 46. Foreign Nature of the Award. Applicable Rules

Sole Additional Provision. Consumers Arbitration

Sole Transitory Provision. Transitory Regime

Derogatory Provision. Revocations

First Final Provision, Amendments on Law 1/2000, of

7 January on Civil Procedure

Second Final Provision. Habilitation

Third Final Provision. Date of Enforcement