Belgium on its way to modernising its legislation on arbitration
The Belgian government has decided to modernise its legislation on arbitration by closely aligning it to the UNCITRAL Model Law, while, at the same time, (i) retaining specific Belgian provisions that have proved useful over time and (ii) creating new rules to meet those areas that are not covered under the current legislation or by the UNCITRAL Model Law.
The Projet de loi modifiant la sixième partie du Code judiciaire relative à l’arbitrage/Wetsontwerp tot wijziging van het zesde deel van het Gerechtelijk Wetboek betreffende arbitrage (the Draft Law), based on a draft prepared within CEPANI (the Belgian Centre for Mediation and Arbitration), is being fast tracked through parliament. Presented to the House of Representatives on 11 April 2013, it was approved – unamended – by the House one month later, on 16 May, and sent up to the Senate. The Senate has until 3 June 2013 to decide whether it will debate (and possibly amend) the Draft Law.
The Draft Law is yet another sign of Belgium’s long-standing interest in the subject of international arbitration…
If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
Keeping track of the latest European developments, as well as domestic trends and changes, can be difficult — all the more so for multinational businesses.
For most HR practitioners and in-house counsel, keeping abreast of domestic legal developments can be challenging. For those with a multi-national remit, the task is huge.
Analysis from The Lawyer
Why has Herbert Smith Freehills (HSF) decided to walk away from the Singapore qualifying foreign law practice (QFLP) scheme?
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.