Single-instance, fast, and less formal proceedings. In many cases, only a few months or even weeks pass from filing the statement of claim to the issuance of the arbitral award. Once delivered to the parties, the award becomes final and enforceable. However, a review of the arbitral award can be agreed upon in the arbitration clause. In that case, any party may request, within a prescribed period, a review by a different arbitrator or arbitral panel.

Good enforceability of arbitral awards. Under the 1958 New York Convention, arbitral awards may be recognized and enforced in 159 countries (as of September 2018) that have ratified the treaty.

Selection of arbitrators. The parties can appoint any expert from any field of law or economics, whether from the Czech Republic or abroad, to serve as an arbitrator. The only limitation is that the arbitrator must meet the criteria set by the Arbitration Court (including a minimum age of 30, a completed master’s-level university education, suitable professional experience, and the necessary qualifications) and must abide by the Court’s rules, particularly the Code of Ethics.

Reasonable costs. For domestic disputes with a value of up to CZK 100,000,000, the arbitration fee is 5% of the amount in dispute, but at least CZK 15,000. Disputes are considered “domestic” even if they involve foreign legal entities’ Czech branches entered in the Czech Commercial Register. Costs for other types of disputes heard by the Arbitration Court attached to the Czech Chamber of Commerce and the Czech Agrarian Chamber are still typically lower than those charged in arbitration abroad. Detailed information about arbitration costs is available under our Schedules of Fees.

Administrative support is provided by the Court Secretariat.

By publishing the Rules in the Commercial Bulletin and on the Court’s website, all interested parties can become familiar with the conditions of proceedings before the Arbitration Court.