The Legal Framework for Arbitration in Iceland

General Information

  • UNCITRAL Model-Law based: No.
  • Legal Provisions: Icelandic Act on Contractual Arbitration (Act No. 53/1989), in force since 1 January 1990. The English version is available at the website of the Iceland Chamber of Commerce.

Multilateral Conventions

  • New York Convention: Yes (ratification/accession: 24 January 2002); reservations: none.
  • European Convention: No.
  • ICSID Convention: Yes (ratification/accession: 25 July 1966); reservations: none.              
  • Energy Charter Treaty: Yes (ratification/accession: 7 July 2015)

Arbitral Institutions

 

Last updated November 2016