Lithuanian Court of Arbitration is a permanent arbitration institution registered with the Register of Legal Entities on January 19, 2010. The competence of the institution is regulated by the Civil Code, the Law on Commercial Arbitration, and the Statute of Lithuanian Court of Arbitration. This arbitration institution is a non-governmental, non-profit organization, whose primary function is to organize and serve the resolution of international commercial disputes and other disputes, which may be resolved by arbitration according to the provisions of the Law on Commercial Arbitration. This permanent arbitration institution also organizes and maintains other alternative to litigation disputes settlement methods (mediation, conciliation, expertise and so on).