Arbitration

Arbitration is a private law means of dispute resolution that gains terrain in international trade. It may concern product arbitration under commercial sales trade agreements, such as committee arbitrations at the Royal Commitee of Grain Traders (Koninklijk Comité van Graanhandelaren) and NOFOTA arbitrations.

Examples of international product arbitration institutes are GAFTA and FOSFA.

Examples of general arbitration institutes are the Dutch Arbitration Institute (Nederlands Arbitrage Instituut, NAI) and TAMARA. Well-known international arbitration institutes are the International Chamber of Commerce (ICC) and the Stockholm Chambers of Commerce (SCC). Proceedings before these institutes are usually conducted in English.

Product arbitrations are characterized by the fatal, (very) short terms within which the arbitration needs to be applied for and within which other formalities need to be concluded.

A great benefit of arbitration as opposed to procedures before government courts is that arbitral awards can be executed in approximately 150 countries worldwide. This means that the chance that the arbitral award can actually be executed outside the European Economic Space (EES) is much bigger than when a Dutch court order is to be executed outside the EES.

The specialists of Van Traa advise on both drafting arbitration agreements, as well as litigating before an arbitral tribunal. You may also consult them for the execution or arbitral decisions and making asset recovery strategies. 

Clarifying matters


Would you like to be kept up to date on important developments and updates, please subscribe to our newsletter here!

Our newsletter is relevant and clear. Only sent when there are important developments to report or there is important information for our clients to know. We Clarify Matters.

©2018 Van Traa advocaten N.v. All rights reserved