ARBITRATION COURT

OF CZECH REPUBLIC

 ars aequi et boni

ARBITRATION PROCEEDING


Arbitration proceedings have, in comparsion with proceedings before ordinary state courts, particulary the following advantages:

  • one instance only (it is not possible to appeal against the arbitral award rendered at the end of the proceedings, upon service upon the parties to the dispute the award acquires force of res iudicata and is enforceable by ordinary courts),
  • rapidity and by far minor formalities (mostly, a few months or even a few weeks only elapse from filing the statement of claim or, as the case may be, from the payment of arbitration fees until the arbitration award is rendered)
  • wide scope of enforceability of arbitration award all over the world (on the basis of multirateral international conventions it is possible to enforce arbitral award rendered in inland in more than 120 countries of the world at present).

JUDr. Luděk Lisse, Ph.D. v.r.

JUDr. Josef Šípek, v.r.