Austrian Yearbook on International Arbitration 2023

Christian Klausegger; Peter Klein; Florian Kremslehner; Alexander Petsche; Nikolaus Pitkowitz; Irene Welser; Gerold Zeiler

doi:10.5771/9783214253226

Summary

The Austrian Yearbook on International Arbitration is a collection of articles and essays on current issues and hot topics in commercial and investment arbitration and provides a comprehensive overview of recent developments in arbitration. The present 17th edition contains 19 contributions from altogether 45 leading practitioners and academics. The contributions include reports providing insights into the successful work of the VIAC and an update on recent Austrian court decisions and publications in the field of arbitration. The Yearbook includes the keynote speech at the VAD 2022 and the “<em>Vienna propositions for the Resolution of Shareholder and Corporate Disputes</em>”. Other contributions address a variety of topics, predominantly concentrating on commercial and investment arbitration, including disputes in Austrian private foundations and arbitration agreements in foundation deeds, third-party funding, or ECJ decisions on investment arbitrations after <em>Achmea</em>, and other hot topics such as the Energy Charter Treaty, sustainability, or multiparty–multicontract arbitrations.

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Bibliographic data

Copyright year: 2023
ISBN-Print: 978-3-214-25025-6
ISBN-Online: 978-3-214-25322-6
Publisher: MANZ, Wien
Language: German
Pages: 412
Product type: Edited Book

Titelei/Inhaltsverzeichnis No access Pages I - LXX
1. 1. I. Issues Raised No access
  2. 1. 1. 1. Cases No access
      2. 2. Conclusions No access
    2. 1. 1. Cases No access
      2. 2. Conclusions No access
2. 1. I. Introduction No access
  2. 1. A. (Non-)Pecuniary Nature of Disputes asa Starting Point No access
    2. 1. 1. The Underlying Case No access
      2. 2. Public Interests Regarding Section 27 PFA No access
      3. 3. Considerations No access
  3. 1. A. Status Quo in Austrian Literature No access
    2. B. Austrian Supreme Court on Arbitration Clause in Supplementary Deed No access
  4. 1. A. The Unterlying Case No access
    2. B. Binding Effect of Arbitration Clause on Beneficiaries No access
    3. 1. 1. Jurisdiction for Annulment Proceedings No access
      2. 2. Austrian Supreme Court on Section 617 (8) ACCP No access
      3. a) Teleological Approach to Section 617 (8) ACCP No access
        b) Relationship Between Beneficiary and Foundation No access
        c) Need for Further Clarification No access
  5. V. Concluding Remarks No access
3. 1. I. Introduction No access
  2. 1. A. Jurisdiction of the Courts No access
    2. B. Arbitration No access
    3. C. Objective and Subjective Arbitrability No access
    4. D. Who is Bound by an Arbitration Clause? No access
    5. E. Objective Scope No access
    6. F. Who is Bound by an Award? No access
  3. 1. A. Founders vs. Founders No access
    2. B. Beneficiaries vs. Founders No access
    3. C. Founders vs. Directors No access
    4. D. Beneficiaries vs. Foundation No access
    5. E. Beneficiaries vs. Directors No access
    6. F. Directors vs. Directors No access
  4. 1. A. History of Dispute Resolution Boards No access
    2. 1. 1. DRB Members No access
      2. 2. Independence No access
    3. C. DRB Responsibilities No access
    4. D. DRB Procedures No access
  5. V. Conclusion No access
4. 1. I. Introduction No access
  2. II. The Concept of an Effective ArbitrationClause No access
  3. III. The Special Nature of the TestamentaryArbitration Clause No access
  4. 1. 1. 1. Identifying leges arbitrorum Addressing the Arbitrability of Inheritance Matters No access
      2. 2. Identifying Tendencies No access
    2. 1. 1. Defining the Objective Scope of an Arbitration Clause No access
      2. 2. Considering Whether All Inheritance Matters Should be Subjected to Arbitration No access
    3. C. Subjective Scope of the Arbitration Clause No access
    4. 1. 1. Choosing an Arbitrator for Inheritance Matters No access
      2. 2. Administrative Functions No access
    5. 1. 1. Violation of Public Policy by Choosing a Lawwith no Connecting Factor No access
      2. 2. Violation of Public Policy by Choosing a Lawwith Different Fundamental Values No access
    6. F. Form of Testamentary Arbitration Clauses No access
    7. 1. 1. VIAC’s Supplementary Rules for Disputes Relatingto Succession No access
      2. 2. Additional Modifications to be Considered No access
    8. H. Costs of the Proceedings No access
    9. 1. 1. Identifying the Law Applicable to the Capacity of the Testator No access
      2. 2. Identifying the Applicable Standard under the Applicable Law No access
    10. J. Interpretation of Testamentary Arbitration Clauses No access
  5. V. Conclusion No access
1. 1. I. Background of the Singapore Convention No access
  2. 1. 1. 1. Mediation Agreements are Not Under the Scope of the Singapore Convention No access
      2. a) Mediation as an “Anything Goes” Process? No access
        b) The Extent of “Assistance” of the Mediator No access
    2. B. Mediated Settlement Agreements as Directly Enforceable Contracts No access
    3. C. Opt-in Mechanism No access
  3. III. Outlook No access
2. 1. I. The Expectations of Parties When Opting for Arbitration No access
  2. II. First Step – Multi-Tiered Arbitration Clauses No access
  3. III. Institutional Rules and the Arbitral Tribunal‘s Obligations to Assist the Parties No access
  4. IV. Continental ‘Tradition’ of Early Settlement – Also in Arbitration? No access
  5. V. Arbitrators’ Fees – a Major Stumbling Block on the Way to Early Settlement? No access
  6. VI. Loss of Impartiality? No access
  7. VII. Best Practices – Dos and Don’ts No access
  8. VIII. Sixteen Golden Rules on the Wayto Settlement No access
  9. IX. The Incorrect Time and the Incorrect Method No access
  10. X. The Award Reflecting a Settlement No access
  11. XI. Conclusion No access
3. 1. I. Qualification of Arbitrators No access
  2. II. Duties of Arbitrators No access
  3. III. Increasing Expectations No access
  4. IV. Concluding Remarks No access
4. 1. I. Introduction No access
  2. II. Basic Elements of TPF and Existing Approaches in Rules and Regulations No access
  3. 1. A. Conflicts of Interest No access
    2. B. Confidentiality and Privilege No access
    3. C. Allocation of Costs and Security for Costs No access
    4. D. Control and Influence on Proceedings No access
    5. E. Admissibility of Third-Party Funding No access
  4. IV. Conclusions No access
5. 1. I. Introduction No access
  2. 1. 1. 1. Statement of Claim No access
      2. 2. Request for Joinder No access
      3. 3. Third-Party Intervention No access
    2. 1. 1. Full-Party Status No access
      2. 2. Side-Party Status No access
      3. 3. Non-Disputing-Party Status No access
  3. 1. A. Procedural Efficiency? No access
    2. B. Context? No access
    3. C. Arbitrators‘ Powers? No access
    4. D. Result No access
  4. IV. The Status Quo: A Binary Approach No access
  5. 1. A. Specification of the Form of Third-PartyParticipation No access
    2. 1. 1. Full-Party Status No access
      2. 2. Side-Party Status No access
      3. 3. Non-Disputing-Party Status No access
    3. C. Additional Considerations No access
  6. VI. Conclusion No access
6. 1. I. Introduction No access
  2. 1. A. Joinder and Multiparty Arbitration No access
    2. B. Corporate and Shareholder Disputes in Commercial Arbitration No access
    3. C. Res Judicata and Lis Pendens No access
    4. D. Shareholder and Corporate Claims in Investment Arbitration No access
  3. III. World Café Reports No access
  4. 1. 1. The Background No access
    2. 1. aa) The Applicant and the Manner of Joinder No access
        bb) Deadline for the Request for Joinder No access
        cc) Factors to Be Considered in the Decision Whether to Grant the Joinder No access
      2. b) Consolidation No access
    3. 3. Findings of the Discussion No access
  5. 1. 1. Participants No access
    2. 2. Introduction No access
    3. 1. a) Consolidation under the VIAC Rules No access
      2. aa) Compatibility of Arbitration Clauses under Different Versions of the ICC Rules No access
        bb) Time Limit for Consolidation No access
        cc) Consolidation with Non-Participating Parties No access
      3. c) Consolidation under the Swiss Rules No access
      4. d) The Participants‘ Experience with Consolidation No access
      5. e) The DIS Supplementary Rules for Corporate Disputes No access
  6. 1. 1. Introduction No access
    2. 2. Joinder and Party Consent No access
    3. 3. The Concept of ‘Relevant Circumstances’ in Applications for Joinder No access
    4. 4. The ‘Relevant Circumstances’ Specific to Parties No access
    5. 5. Conclusion No access
  7. 1. 1. Introduction No access
    2. 2. Shareholders’ Agreements versus Statutory Law No access
    3. 1. a) Through Joint Acts of the Minority Shareholders No access
      2. aa) Before the Constitution of the Arbitral Tribunal No access
        bb) After the Constitution of the Arbitral Tribunal No access
    4. 4. Conclusion No access
  8. 1. 1. The Arbitrability Saga No access
    2. 1. a) Upsides No access
      2. b) Downsides No access
    3. 1. a) Arbitral Institutions No access
      2. b) State Legislation No access
      3. c) Case Law and Business Practice No access
    4. 4. What Will the Next Chapter Be? No access
  9. 1. 1. Introduction No access
    2. 2. Issue: Different Doctrines of Res Judicata No access
    3. 3. Solution in International Arbitration: Uniform “Transnational” Concepts or Guidelines? No access
    4. 4. Result: (Possibly) No One Fits All Solution No access
  10. 1. 1. Introduction No access
    2. 2. General Principles No access
    3. 3. Res Judicata and Arbitration No access
    4. 4. Conclusion No access
  11. 1. 1. a) Parallel Proceedings and the Triple Identity Test No access
      2. b) Arbitration-Related Lis Pendens and the Legal Framework No access
    2. 1. a) Arbitration vs. Litigation No access
      2. b) Arbitration vs. Criminal Proceedings No access
      3. c) Litigation vs. Litigation (in Arbitration-Related Matters) No access
      4. d) Arbitration vs. Arbitration No access
  12. 1. 1. Introduction No access
    2. 1. aa) Extent and Limits of the Tribunal‘s Decision to Bifurcate theProceedings No access
        bb) Relevant Criteria to Consider When Deciding on Bifurcation No access
      2. aa) When Is It Efficient to Bifurcate Proceedings Due to Res Judicata and Lis Pendens Claims? No access
        bb) Is There a Distinction Between Res Judicata and Lis Pendens When Approaching Bifurcation Requests? No access
        cc) How Far Should the Other Issues in a Dispute Be Assessed When Deciding on Bifurcation Due to Claims of Res Judicata or Lis Pendens? No access
    3. 3. Conclusion No access
  13. 1. 1. Introduction No access
    2. 2. Considerations for Investment Treaty Reform and Proposed Options No access
    3. 3. Conclusion No access
  14. 1. 1. Recap: Shareholder and Corporate Claims in Investment Arbitration No access
    2. 2. ESG-related Claims in Investment Arbitration No access
    3. 3. ESG-related Claims Brought by Shareholders No access
    4. 4. Conclusion No access
1. 1. I. Introduction No access
  2. II. The Legal Basis under Austrian Law No access
  3. III. The Applicable Standard According to the Austrian Supreme Court No access
  4. 1. A. The Arbitrators’ Perspective No access
    2. B. The Parties’ Perspective No access
    3. C. The Institutions’ Perspective No access
    4. D. The State Courts’ Perspective No access
  5. V. Conclusion No access
2. 1. I. Intro No access
  2. II. Autonomy of and Reasonableness in Arbitration Decision-Making: Genealogy No access
  3. III. On Reasonableness and Legal Reasoning No access
  4. IV. Judges and Arbitrators: Different Standards of (Un)reasonableness? No access
  5. V. New Trends in Arbitration: Mimicking Litigation? No access
  6. VI. Conclusion: Guidelines for Avoiding the Trap of “Perversity in Reasoning” No access
3. 1. 1. A. Facts of the Case No access
    2. B. Decision of the Supreme Court No access
    3. C. Additional Remarks No access
  2. 1. A. Facts of the Case No access
    2. B. Decision of the Supreme Court No access
    3. C. Additional Remarks No access
  3. 1. A. Facts of the Case No access
    2. B. Decision of the Supreme Court No access
    3. C. Additional Remarks No access
  4. 1. A. Facts of the Case No access
    2. B. Decision of the Supreme Court No access
    3. C. Additional Remarks No access
  5. 1. A. Facts of the Case No access
    2. B. Decision of the Supreme Court No access
    3. C. Additional Remarks No access
1. 1. 1. A. Ex Officio Investigation No access
    2. B. Concluding Remarks No access
  2. 1. A. Background No access
2. 1. I. Introduction No access
  2. 1. A. Factual Background No access
    2. B. Achmea Verdict and the three-step test No access
    3. C. Agreement for the Termination of BITs Between the EU Member States No access
  3. 1. 1. 1. Factual Background and Preliminary Ruling Question No access
      2. 2. Scope of the Preliminary Ruling Question No access
      3. 3. Key Legal Arguments No access
    2. 1. 1. General Considerations No access
      2. a) Nature of Consent as the Only Criterion No access
        b) Mapping out Additional Criteria No access
      3. 3. Does the Commercial Arbitration Exception Apply to the Scenarios not Covered by PL Holdings? No access
    3. C. Interim Conclusion No access
  4. 1. 1. 1. Factual Background No access
      2. a) Jurisdiction No access
        b) Substance No access
    2. 1. 1. ECJ’s Position No access
      2. a) EU Member States (Present and Former) No access
        b) Courts Outside the EU No access
      3. 3. Arbitral Tribunals No access
    3. C. ECT: Recent Developments No access
    4. D. Interim Conclusion No access
  5. V. Excursus: Arbitral Awards as Illegal State Aid? No access
  6. VI. Summary and Outlook No access
3. 1. I. Introduction No access
  2. 1. A. EU Influence on the Modernizationof the ECT No access
    2. B. EU Green Deal and Western Balkans No access
    3. C. The Green Agenda for Western Balkans No access
    4. D. The Criticism on ECT and Investment Protection under ECT No access
    5. E. Investment Protection Standards and the Sunset Clause No access
    6. F. Inter-EU Disputes and the ECT No access
  3. 1. A. Arbitration Cases under the ECT No access
    2. B. Modernization of the Dispute Mechanism under the ECT No access
    3. C. Achema and Komstroy Judgments Impact on the ECT No access
  4. 1. A. Key Institution of BiH Energy Sector No access
    2. B. Current Situation in the BiH Energy Sector No access
    3. C. Bosnia and Herzegovina and Arbitration Cases No access
  5. V. Conclusion No access
1. 1. I. Background and Drafting History No access
  2. 1. A. Overview of the Main Features of the VIAC Investment Rules 2021 No access
    2. B. Overview of the Main Differences between the Vienna Rules and the Vienna Investment Arbitration Rules No access
  3. 1. A. Background No access
    2. B. Definition of Third Party Funding in Article 6 para. 1.11 VRI No access
    3. C. Disclosure Obligation of the Parties According to Article 13a paras. 1 and 2 VRI No access
    4. D. Additional Disclosure Obligation According to Article 13a para. 3 VRI No access
  4. 1. A. VIAC as Appointing Authority (Annex 4) No access
    2. B. VIAC as Administering Authority (Annex 5) No access
  5. V. Conclusion No access
2. 1. I. Introduction No access
  2. 1. A. In memoriam: Werner Melis (1935–2022) No access
    2. B. Implications of EU Sanctions Package No access
    3. C. The Introduction of the VIAC Community Ambassador Network – VIAC CAN and so CAN you! No access
    4. D. Launch of the VIAC Tech Think Tank No access
  3. 1. A. Overview No access
    2. B. Vienna Arbitration Days online No access
    3. C. VIAC at the Paris Arbitration Week No access
    4. D. VIAC and the Willem C. Vis Moot No access
    5. E. Virtual VIAC Series No access
    6. F. “Head-to-head interview with arbitral institutions: recent trends and future prospects” Webinar No access
    7. G. “Meet the Titans” Webinar No access
    8. H. GAR Live Vienna, Vienna No access
    9. I. Baker McKenzie-NYU-VIAC Event, “Debating Evidence”, Vienna No access
    10. J. IBA VIAC CDRC Vienna 2022, Vienna No access
    11. K. Joint Conference – Current Issues in Alternative Dispute Resolutions in International Trade, Ankara and Istanbul No access
    12. L. Navigating Through Crises – Speeding up the Energy Transition, Vienna No access
    13. M. Joint Conference – Arbitration and Technology. Technology and Arbitration – View from Eastern Europe, Bucharest No access
  4. 1. A. Number of Cases No access
    2. B. Parties No access
    3. C. Nationality of Arbitrators No access
    4. D. Nature of Disputes No access
    5. E. Gender Ratio No access
  5. 1. A. New VIAC Board Members No access
    2. B. New VIAC Members on the Advisory Boards No access
    3. C. New Members of the VIAC Secretariat No access
    4. D. Focus of the New VIAC Board 2023 No access
Recent Publications No access Pages 401 - 408
Index No access Pages 409 - 412