Court declines jurisdiction to order interim measures during arbitral proceedings
The Bratislava Regional Appeal Court has held that, after the commencement of arbitral proceedings, general courts in Slovakia no longer have concurrent jurisdiction to order interim measures. Given the wide use of arbitration as a means of resolving banking and finance disputes, the ruling may have implications for the banking sector.
Although it shields arbitral proceedings from torpedo applications filed with courts in an attempt to derail arbitration proceedings, it deprives applicants of the option of seeking court interim measures in situations where the arbitral tribunal is unable or unwilling to act…
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