ELI Lithuania

Trade disputes involving parties from different countries are quite often resolved by arbitration rather than through local courts. However, a ruling from a foreign tribunal does little use unless it can be acknowledged and implemented in another country. Poland has developed a formal and generally favourable system for this process. Knowing how this system works…

To resolve disputes related to agreements signed internationally, working out a system where an arbitral award from one country automatically gains formal acknowledgement in another is a primary means. For companies taking up business inside and outside the Czech Republic, being able to implement an award made abroad as if it was a domestic one…

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…