Dispute resolution guide — Luxembourg
The Practical Law Company’s Multi-Jurisdictional Guide to Dispute Resolution 2012/13 features this extract on Luxembourg written by Michel Molitor of MOLITOR Avocats à la Cour. It focuses on court litigation, the leading dispute resolution method in Luxembourg. Arbitration and mediation methods — which are becoming more useful for commercial matters — are also discussed.
The leading dispute resolution method is court litigation. However, arbitration and mediation methods are becoming more useful for commercial matters, particularly for cross-border disputes.
Both mediation and arbitration are often relied on in complex matters where the parties seek an alternative to judicial resolution, which is seen as longer and more expensive. Arbitration is generally faster (since a decision must be made within six months), cheaper, easier, more professional (the arbitrators are chosen in accordance with the matter) and can ensure improved confidentiality (the proceedings are not public, unlike judicial proceedings)…
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