Home / Arbitration

Legal News

VIAC to amend Vienna Rules for arbitration agreements

Copyright © 2025 LexisNexis

Published on: 06 September 2024

Published by LNB News

LNB News 06/09/2024

Document Information

Issue Date: 06 September 2024

Published Date: 06 September 2024

Jurisdiction(s): World

Article summary

The Vienna Arbitration Centre (VIAC) has announced plans to amend arbitration agreements which address shareholder disputes concerning defective resolutions following a decision by the Austrian Supreme Court. Due to this development, the VIAC has assembled a specialised working group consisting of experts from both academia and practice. This group's mandate is to draft an amendment to the Vienna Rules, ensuring that they reflect the prerequisites outlined by the Austrian Supreme Court, including the proper involvement of all shareholders in the formation of the arbitral tribunal and throughout the arbitration proceedings.

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit