ILO Newsletter 03/15/2012

Dispute Resolution / Litigation & Arbitration

Costly decision: court refuses to set aside arbitral award

The Vienna Commercial Court recently refused to set aside an arbitral award issued by a United Nations Commission on International Trade Law tribunal seated in Vienna that had awarded Danish-Polish Telecommunications Group €400 million against Telekomunikacja Polska. The court´s decision is in line with the trend of Austrian case law to uphold arbitral awards.


Dr. Nikolaus Pitkowitz

M.B.L.-HSG Partner