Arbitration in Austria - challenge and enforcement of arbitral awards

Domestic arbitration plays an important role in the Austrian business world. Swift decisions from experts selected by the parties offer a convincing argument to opt out of the national courts' jurisdiction. The arbitration process's confidentiality has made it the dispute resolution mechanism of choice for shareholders and in matters involving family businesses, including associations and sporting unions.

Since arbitration is designed to meet the needs of the modern business world, its goal is to provide a direct route to justice that avoids lengthy and expensive proceedings.

Therefore, decisions of arbitral panels are usually not subject to appeal but instead the national courts only have a limited scope for review. The enforcement procedure for an arbitration award is the same as for court judgments, making them equal in force and as binding as any ruling rendered by national courts.

We provide a complete range of domestic arbitration and international arbitration services to our clients. Moreover, because of our worldwide network of partner firms, we are also well placed to offer our clients advice and guidance in relation to proceedings in other jurisdictions.