(1) The aims and objectives of the Association are to promote arbitration. They include in particular:
a) to make available an institutional Court of Arbitration ("German Arbitration Court [Deutsches Schiedsgericht]") and its Arbitration Rules for the preparation, support and administration of arbitral proceedings; to nominate arbitrators and mediators, also on behalf of institutions with similar or the same objectives;
b) to conduct academic events, to conduct and grant research projects, to provide advanced and further training in the field of arbitration;
c) to promote and distribute publications and to conduct information events on arbitration.
(2) The Association will carry out its tasks in close contact with the organizations of the business sector and academic institutions.
(3) The Association solely and directly pursues only non-profit ("gemeinnützige") objectives within the meaning of the Chapter "Tax Exempt Objectives" of the Tax Code. The Association is nonprofit oriented; it does not primarily pursue its own commercial aims. The means of the Association may be used only for purposes in conformity with the statutory objectives. Members do not receive any grants out of the funds of the Association. No person may benefit from expenditures which are not compatible with the objectives of the Association or receive disproportionately high remunerations.