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Austrian Supreme Court rules on the application of the consumer protection clause in shareholder disputes

Since the Austrian Arbitration Act 2006 entered into force, it has been widely disputed between legal scholars, whether and to what extent the consumer protection clause of the Act – which severely restricts the possibility of concluding arbitration agreements with consumers – also applies in disputes between shareholders when the arbitration agreement is incorporated in the statutes of association.

Since the Austrian Arbitration Act 2006 entered into force, it has been widely disputed between legal scholars, whether and to what extent the consumer protection clause of the Act – which severely restricts the possibility of concluding arbitration agreements with consumers – also applies in disputes between shareholders when the arbitration agreement is incorporated in the statutes of association.

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