17. DISPUTE RESOLUTION

Commercial arbitration offers companies a reliable and efficient mechanism for resolving disputes in international trade.

It provides a neutral forum, avoiding potential difficulties linked to foreign national courts and ensuring greater legal certainty. Arbitration proceedings are generally faster and more flexible, allowing businesses to tailor procedures to their commercial needs. The confidentiality of the process also protects sensitive business information from public disclosure. Moreover, arbitral awards are widely enforceable across borders thanks to the New York Convention, giving companies a strong guarantee of effectiveness.

Based on these considerations, the Chamber of Commerce established the Luxembourg Arbitration Center to offer businesses a fast and effective mean of settling their disputes, particularly in the field of international trade.

If you want to know more about arbitration, please visit the Luxembourg Arbitration Center website.