Your guide to commercial arbitration in Luxembourg
The interdependence among world economies has led to a substantial rise in commercial disputes. Multinationals and other economic actors are more and more incline to use mediation and arbitration to adjudicate their commercial disputes, nowadays even more complex than before. Luxembourg has developed a solid judicial system and regulations to handle any commercial arbitration.
Why would you choose Luxembourg as the jurisdiction of your arbitration proceedings?
In her contribution to the GAR Know How Commercial Arbitration, Véronique Hoffeld presents the key elements of the legal framework of the Luxembourg system when it comes to arbitration. In this chapter, you will find several answers on:
- What are the treaties and agreements applicable and recognised by the Luxembourg judicial system? What is the procedure to apply for an arbitration in Luxembourg?
- What are the requirements to enforce an arbitration agreement? What kind of dispute can be arbitrated?
- Which arbitration clauses can be drafted and how will they be recognised by other jurisdictions?
- How can you challenge an arbitrator or an award? How can you enforce awards on your own jurisdiction?
You can access the full publication by following this link.