We have many years of in-depth experience in international arbitration issues, in most cases conducted according to the arbitration rules of the ICC, but also according to the rules of the LCIA, DIS, or even special rules (CIETAC – arbitration rules of the Swiss Chambers of Commerce, SCC Institute – Arbitration institute of the Stockholm Chamber of Commerce and Industry i.a.).
In day-to-day corporate practice, the value and the utilization of the arbitration clauses are frequently inadequately familiar. In most cases, it is arbitration clauses alone that offer sufficient protection against lawsuits filed by the contract partner before his local courts of jurisdiction (dismissal of action upon assertion of the arbitration clause).
In addition, the agreement of a jurisdiction of an arbitration court outside the borders of the European Union is generally the better choice, since German national court decisions are securely recognized and enforced only within the EU and in Iceland, Norway, and Switzerland on the basis of international agreements.
The decisions of courts of arbitration, on the other hand, are recognized and enforced in over 100 countries throughout the world on the basis of the UN Arbitration Agreement passed in New York in 1958.
A further major advantage of this option is that the arbitration parties are entitled to propose an arbitrator of their choice with proven expertise in the area under negotiation (e.g. mechanical engineering, chemical process engineering, or another special sector).