Arbitration – acquisition disputes, contractual and claim disputes, building contract disputes
The settlement of disputes by arbitration differs significantly from disputes handled in general courts. The parties have an opportunity to nominate the members of the court of arbitration or pass the responsibility to the Central Chamber of Commerce arbitration board for example. Resolutions of the court of arbitration cannot be appealed. Therefore they are final and immediately enforceable. Arbitration is less formal than the proceedings in general courts. Although arbitration is also provided for in the law, the parties often agree procedures with the court of arbitration. Arbitration agreements are typical in corporate acquisition disputes and contract disputes relating to matters that should not be disclosed to third parties.
LSL-Legal has experience in arbitration settlement procedures concerning acquisition disputes as well as extensive and challenging contractual disputes.