With the Arbitration Act of 2006, Austria consolidates its emerging role as a seat for arbitration proceedings affecting Central and Eastern Europe. Based to a significant extent on the UNCITRAL Model Law, which is fast becoming an international standard, Austria's new law is applicable in any proceedings involving parties from any country. Assembled with detailed commentary in footnotes by Christoph Liebscher, a leading Austrian arbitration specialist and a member of the committee that drafted the law, this definitive presentation of the Austrian Arbitration Act of 2006 provides all of the following: text and notes in four languages - English, Russian, French, and German - so as many readers as possible can study the legislation in their own language; concise footnotes to nearly every article, offering easy-to-follow applications, examples, and clarifications; and a wealth of general information useful for non-specialists who must advise on the drafting of arbitration agreements. This book will be of great practical value to arbitration practitioners, to international business people and their counsel, as well as to academics in arbitration and international trade law, especially in the context of Central and Eastern Europe.

The main focus of the book is on the challenge of an award in the municipal courts. After describing the public policy issues under Community law as well as under article 6 European Human Rights Convention the book compares the situation under five jurisdictions: Austria, England, France, Germany, and Switzerland. The book also covers the minimum requirements for an award, its correction, interpretation and amendment and, finally, some enforcement issues. The Healthy Award - Challenge in International Commercial Arbitration, by Dr. Christoph Liebscher provides a comprehensive view of the impact of Community law on the autonomy of arbitration. It sets forth in detail the jurisprudence of the Strasbourg instances on article 6 EHRC which can be relevant in arbitration and compares the legal situations in five major arbitration jurisdictions in Europe. Also efficiency improvements are proposed to further developments of arbitration law. This publication allows an easy comparison of five major arbitration venue in Europe to facilitate the choice of the seat of arbitration and assists in the drafting of arbitration clauses. It provides orientation to counsels and arbitrators with regard to arbitration procedures and supplies comprehensive references to source materials and numerous examples for counsels and courts in proceedings concerning the challenge of awards. The Healthy Award will be of interest to corporate counsel and international lawyers, as well as to researchers and students of dispute resolution.