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

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin