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Austria - Baker & McKenzie International Arbitration Yearbook: 2010-2011

Author(s): 
Stefan Riegler
Page Count: 
8 pages
Media Description: 
PDF from Baker & McKenzie International Arbitration Yearbook: 2010-2011
Published: 
April, 2011
Jurisdictions: 
Austria
Practice Areas: 
Bankruptcy of a Party
Author Detail: 

Stefan Riegler is a Partner in Baker & McKenzie’s Vienna office. He acts as counsel before state courts and arbitral tribunals and is increasingly working as an arbitrator. He has authored several articles and publications, including Arbitration Law of Austria: Practice and Procedure (Juris 2007). He is a founding member and former Chairman of the Young Austrian Arbitration Practitioners.

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Description: 

Originally from Baker & McKenzie International Arbitration Yearbook 2010-2011

A. LEGISLATION, TRENDS AND TENDENCIES

There have not been any legislative changes in Austrian arbitration law (i.e., Sections 577 to 618 Code of Civil Procedure (“CCP”)) since its significant amendment in 2006.

B. CASES

The Austrian Supreme Court (“OGH”) did not decide many disputes concerning arbitration in 2010. The most significant arbitration case decided in 2010 is described below: 

OGH 30.06.2010, 7 Ob 111/10i

Holding: An arbitral award may be challenged if the arbitral tribunal fails to hold an oral hearing despite a party’s request to do so.

The claimant filed its request for arbitration in a construction matter on 27 February 2007. In the course of the arbitral proceedings, the sole arbitrator requested specific information and documents from the claimant. In answering—and on various other occasions—the claimant requested an oral hearing. Despite these requests, the sole arbitrator rendered his decision purely based on the documents submitted.

Table of Contents: 
A. Legislation, Trends and Tendencies   B. Cases    C. Insolvency Issues in Arbitration C.1 Introduction C.2 Impact on the Arbitration Agreement  C.3 Arbitrability of Bankruptcy Matters and Claims C.4 Effect of Bankruptcy on Pending Arbitral Proceedings  C.5 Practical Consequence of Insolvency on Costs