The Netherlands updates its Arbitration Act
By Wouter de Clerck
Although the Netherlands is not yet recognised as a traditional seat for international arbitration when compared with established seats such as France (Paris), the UK (London) and Switzerland (Geneva), its parliamentary capital, the Hague, is firmly on the international arbitration map as an alternative seat.
Home of the Permanent Court of Arbitration (PCA) since 1901, the city traditionally attracts arbitrations between states and private parties and is likely to broaden its reach still further with the recent establishment of the PRIME Finance arbitration institute for the settlement of disputes in relation to complex financial transactions.
In April 2013 the Dutch government published a bill for the ‘modernisation of Netherlands arbitration law’. Among other things, the bill aims to ensure the continued appeal of the Netherlands Arbitration Act (1986) to international users. Some of the changes that are proposed in the bill are discussed below…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
Law à la Mode — April 2014: fashion flair transforms wearable technologies; delivering IT services in the retail sector; and more
DLA Piper has released the April 2014 issue of its Law à la Mode publication.
Insurance and Reinsurance Newsletter: April 2014 — Italy: new regulations on complaints management; and more
On 1 April 2014, the draft measure containing amendments to ISVAP regulation no. 24 on complaints handling was published on the IVASS website.
Analysis from The Lawyer
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions
The fragile refinance market is back in rude health and US-style alternative lenders are stepping up with innovative structures to sustain the recovery