INTERNATIONALES SCHIEDSGERICHT DER WIRTSCHAFTSKAMMER ÖSTERREICH CIS LOCAL COUNSEL FORUM Dispute Resolution – Arbitration an More Manfred Heider Secretary General International Arbitral Centre of the Austrian Federal Economic Chamber 29 June 2014

Folie 2 The VIAC Established 1975 Arbitration Rules amended in 2013 Administration of international cases only Also: Appointing Authority in UNCITRAL Arbitration Proceedings and Administration of Conciliation Proceedings

Folie 3 New International Cases per Year: ~ 70 to 80 Total Number of Cases Pending: 79 Aggregated Amount in Dispute: EUR 1,4 bn. Cases with Parties from CIS and Ukraine: 9 Amount in Dispute: EUR 300 Mio.

Folie 4 Domicile of Parties: Austria:48 Germany:29 Romania: 9 Bulgaria: 7 Czech Republic 7 Italy: 7 United States: 7 Greece 5 Hungary: 5 Poland: 5 Slovak Republic: 5 Switzerland: 5 Ukraine: 5 1 each from Canada, People’s Republic of China, Estonia, Hong Kong, Iceland, India, Jersey, Kazhakstan, Latvia, Liberia, Lithuania, Cyprus: 4 Netherlands: 3 Russia: 3 South Africa: 3 Sweden: 3 Belgium: 2 British Virgin I.: 2 France: 2 Nevis: 2 Serbia: 2 Spain: 2 Tunisia: 2 Macedonia, Malta, Netherlands Antilles, St. Vincent and the Grenadines, Seychelles, Singapore, Turkey and the United Kingdom.

Folie 5 Arbitrators: Austria:85 Switzerland: 9 Germany:5 Czech Republic:4 Hungary: 4 Slovak Republic:4 Spain:4 P.R. of China2 Poland: 2 Slovenia:2 United Kingdom:2 Ukraine: 2 One arbitrator each from: Bulgaria, Dubai, Greece, Romania, Serbia and the United States

Folie 6 Nature of disputes: Finance19% Business services14% Construction and engineering:14% Share purchase agreements14% Distribution11% Energy 11% Machinery 7% General Trade 7% Intellectual property and license agreements 3%

Folie 7 Why VIAC? Worldwide ranking of international commercial arbitration venues (ICC Statistical Report 2009) 1. Paris 2. London 3. Geneva 4. Zurich 5. Singapore 6. Vienna

Folie 8 Why VIAC? Arbitration friendly environment Austrian Supreme Court is first and last instance for challenges of arbitral awards Modern and flexible arbitration rules Legislation fully in line with the UNCITRAL Model Law on International Commercial Arbitration

Folie 9 Jurisdiction Arbitration agreement or arbitration clause At least one party shall have its residence or place of business outside of Austria, or if both parties have their residence or place of business in Austria, the dispute must be of “international character”

Folie 10 Arbitrability “Any pecuniary claim that may be determined by ordinary courts can be subject of an arbitration agreement. An arbitration agreement regarding non-pecuniary claims shall be legally effective insofar as the parties are entitled to conclude a settlement on the subject of the dispute.” (Section 582 para. 1 of the Code of Civil Procedure) Claims in matters of family law, Austrian Landlord and Tenant Law, Condominium Law, are not arbitrable. An arbitration agreement on Labour Law disputes may only be effectively concluded after the dispute has arisen. Restrictions for consumers

Internationales Schiedsgericht der Wirtschaftskammer Österreich Wiedner Hauptstraße 63, 1045 Wien T +43 (0) F +43 (0) E W