Civil law disputes concerning property rights between the Company and Depository Participants and those between Depository Participants, which relate to the scope of the Company's operations, shall be resolved by the Court of Arbitration at the National Depository for Securities. The Court of Arbitration consists of 10 arbitrators elected by the General Meeting for a term of three years.

The term of arbitrators of the Court of Arbitration ends at the time of an ordinary General Meeting. The Court of Arbitration passes decisions as a bench of three arbitrators. Each of the Parties may appoint one arbitrator. There shall be no appeals against decisions of the Court of Arbitration.

Zofia Bielecka 
Vice-President

Anna Stężycka
Arbitrator 

Mirosław Kachniewski
Arbitrator

Radosław Ignatowicz
Arbitrator 

Norbert Jeziolowicz
Arbitrator

Wojciech Popiołek
Arbitrator

Mateusz Rodzynkiewicz
Arbitrator

Marek Ochman 
Arbitrator

Rafał Szczerba
Arbitrator