International arbitration, pursuant to this Law, is such kind of arbitration, which has for its subject the disputes in the sphere of international business relations, notably in case when:
1) the parties at the time of concluding the agreement on arbitration have their main offices in different countries;
2) outside the country in which the parties have their main offices is the place:
a) of arbitration, if so set out in the agreement on arbitration or as based thereon, or
b) where a significant part of commitments from a business cooperation is to be carried out or a place that the subject of a dispute has been most closely tied with;
3) the parties have expressly agreed that the subject of the agreement on arbitration is linked with several countries.
If one of the parties does not have main office, regular residence thereof shall be taken into account for the party concerned.