ILO Newsletter 15. März 2012

Konfliktlösung / Prozesse & Schiedsverfahren

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.


Nikolaus

Dr. Nikolaus Pitkowitz

M.B.L.-HSG Partner
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