Arbitral Proceedings in Liechtenstein

Arbitration is a method of dispute resolution that can be agreed by the parties to the dispute before or after a dispute arises. By declaring an arbitration tribunal to have jurisdiction, they exclude state courts from the decision and thus opt out of state jurisdiction. This can generate several benefits.

As an internationally recognized financial centre for arbitration proceedings, Liechtenstein offers optimal conditions for making full use of the advantages of arbitration proceedings:

• Arbitration proceedings are quick: there is no need to go through multiple levels of proceedings or referrals from higher courts

• Technical expertise of the arbitrators: Arbitration tribunals can be staffed with proven experts who have the specialized knowledge and experience often required in complex international disputes.

• Arbitration procedures allow more flexibility: Depending on the requirements of the parties in the arbitration agreement, the arbitral tribunal can meet at any convenient location, hear witnesses in person or via video conference and negotiate in any language imaginable.

• Arbitration proceedings are confidential: The proceedings are not public and the awards are not published.

• Arbitral awards are enforceable almost worldwide: Arbitral awards from an arbitral tribunal based in Liechtenstein can be enforced in all member states of the New York Convention, i.e., currently in 157 countries.