As promulgated on December 30 of 2015, the Article 48-1 of the Act for Promotion of Private Participation in Infrastructure Projects has been added to encourage the use of arbitration in settling disputes. The Article is listed as follows:
「An investment contract shall stipulate to organize a Committee to coordinate dispute in relation to the performance of the contract in question; and may also stipulate that if it fails, to submit the dispute to arbitration.」
The added article is used for dealing with dispute between authority in charge and private institution. It is stipulated that an investment contract shall organize a Coordinating Committee to settle dispute in relation to the performance of the contract in question, and the contract may also include that if the coordination fails, to submit the dispute to arbitration.