Arbitration—Liechtenstein—Q&A guide

The following Arbitration practice note provides comprehensive and up to date legal information covering:

  • Arbitration—Liechtenstein—Q&A guide
  • 1. Is your jurisdiction a contracting state to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards? Since when has the Convention been in force? Were any declarations or notifications made under articles I, X and XI of the Convention? What other multilateral conventions relating to international commercial and investment arbitration is your country a party to?
  • 2. Do bilateral investment treaties exist with other countries?
  • 3. What are the primary domestic sources of law relating to domestic and foreign arbitral proceedings, and recognition and enforcement of awards?
  • 4. Is your domestic arbitration law based on the UNCITRAL Model Law? What are the major differences between your domestic arbitration law and the UNCITRAL Model Law?
  • 5. What are the mandatory domestic arbitration law provisions on procedure from which parties may not deviate?
  • 6. Is there any rule in your domestic arbitration law that provides the arbitral tribunal with guidance as to which substantive law to apply to the merits of the dispute?
  • 7. What are the most prominent arbitral institutions situated in your jurisdiction?
  • 8. Are there any types of disputes that are not arbitrable?
  • 9. What formal and other requirements exist for an arbitration agreement?
  • More...

Arbitration—Liechtenstein—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to arbitration in Liechtenstein published as part of the Lexology Getting the Deal Through series by Law Business Research (published: November 2020).

Authors: Gasser Partner—Thomas Nigg

1. Is your jurisdiction a contracting state to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards? Since when has the Convention been in force? Were any declarations or notifications made under articles I, X and XI of the Convention? What other multilateral conventions relating to international commercial and investment arbitration is your country a party to?

Since 5 November 2011, Liechtenstein has been a signatory to the New York Convention. Under article 1(3) of the Convention, Liechtenstein declared a reservation of reciprocity (LGBl 2011/325).

Liechtenstein is a member of the International Energy Charter, resulting in the application of the treaty's investment protection rules.

2. Do bilateral investment treaties exist with other countries?

According to www.unctad.org, Liechtenstein is not a party to any bilateral investment treaties. However, Liechtenstein has concluded a number of bilateral tax treaties, providing for arbitration.

3. What are the primary domestic sources of law relating to domestic and foreign arbitral proceedings, and recognition and enforcement of awards?

The primary domestic sources of law relating to domestic and foreign arbitral proceedings and the recognition and enforcement of awards are the Liechtenstein Code of Civil Procedure (LCCP; sections 594-635), the Liechtenstein

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