An arbitration clause inserted in the articles of association of a company, providing for the referral to arbitrators of disputes between shareholders and disputes between the company and shareholders, does not encompass the liability action brought by a shareholder against a director pursuant to Article 2476 of the Civil Code, even where the director also holds the status of shareholder, given that such action relates to the management of the company and not to the corporate relationship in the strict sense, unless the articles of association expressly extend the scope of the arbitration agreement to disputes with directors.