What is arbitration?
Arbitration is a system offering an alternative to state courts for the resolution of commercial disputes. In resorting to arbitration, the parties in conflict submit their dispute to a third party, the arbitrator, who resolves it by means of a decision, the arbitral award, which has effects equivalent to a court ruling.
The Court’s new Rules, at the forefront of new arbitral trends
The Court’s Rules were approved in 2019 pursuant to the Model Arbitration Rules of the Spanish Arbitration Club. The Court’s Rules incorporate the latest trends in national and international arbitration practice. The enriched new Rules do not, however, imply any hindrance to the autonomy of will of the parties, who have extensive freedom to structure proceedings in the way that best fits the specific circumstances of the case.
How are disputes submitted to the Court?
The parties have to agree in writing to submit a specific dispute to the Court in order for the submission to be valid. This so-called arbitration agreement can take the form of a clause included in a contract or of an independent agreement.
The Court Members Programme
The Court Members Programme was developed with the intention of building a community of arbitration professionals revolving around the Court aimed at strengthening ties, sharing best practices and enhancing their visibility vis-à-vis users.
Documents of Interest