Agreement in the arbitration process

In this article, the author will consider a number of problems and make a number of proposals for improving the legal regulation in the field of a settlement agreement in the arbitration process. For the first time, a legislative definition of such an institution as a settlement agreement appeared in Roman law. The laws of the XII tables mention conciliation procedures. The settlement agreement has the peculiarity of being concluded at any stage of arbitration proceedings and at the stage of execution of a judicial act. With this method, the parties save time for themselves and the court, as they bypass the rather lengthy procedure for resolving the dispute in an arbitration court.