ELI Lithuania

Due to the globalization of the economy and other aspects, the use of arbitration has increased significantly worldwide. Besides, the country in question has become an active member of the multiplication of agreements on which the nuances of the process are based. Therefore, from a formalistic point of view, regional legislation sets out clearly the…

When businesses from different countries work together, disputes can sometimes arise. Often, these disagreements are resolved outside of the usual state courts – through arbitration or other private mechanisms. But what matters the most is the question whether an arbitral award made in another country can have an effect in another. Latvia has put forward…

Nowadays the cross-border enforceability of arbitral awards is considered the basis of contemporary commercial relations. Estonia is a country with a profound integration into global trade and investment flows. It ensures that such legal outcomes produce legal effect and are actionable. The nation has a clear and predictable framework which enhances confidence in mechanisms of…

Conflicts in multinational business are frequently resolved outside of state courts. However, the true worth of such a choice only becomes apparent when it can be implemented in another nation. Lithuania has put forward a transparent and well-organized system that permits decisions made overseas to be formally acknowledged and given actual weight within its borders….