Austrian Supreme Court Establishes New Standards as Regards the Decisive Underlying Reasoning of Arbitral Awards

Jurisprudencia2017 | Enero 2
The decisive underlying reasoning (motifs, Begründung) is, without doubt, an essential part of any arbitral award and as such bears the potential of frustrating parties and arbitrators alike. On the one hand, elaborate reasoning in arbitral awards more often than not comes at the price of long waiting periods for the issuance of the awards, and periods of meticulous drafting on the part of the arbitrator(s). On the other hand, a lack of elaborate reasoning may likewise be a headache, since it exposes the arbitral award to setting aside.

From a practitioner’s point of view, how do you reconcile the extremes? When can the decisive underlying reasoning of an arbitral award be considered sufficient against the background of possible setting aside proceedings? Clearly, these are questions that must be determined on a case-by-case basis. Further, any assessment will necessarily be informed by the relevant lex arbitri.

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Austrian Supreme Court Establishes New Standards as Regards the Decisive Underlying Reasoning of Arbitral Awards

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Un pensamiento en “Austrian Supreme Court Establishes New Standards as Regards the Decisive Underlying Reasoning of Arbitral Awards

  1. Issues of public order notwithstanding, I don’t see how establishing guidelines for the reasoning of arbitration awards through actual case law helps arbitration.

    There is argument to be made: if of your own free will, fully informed and of sound consciousness, you depart from the Judiciary to have your dispute heard and decided by individuals foreign to the Judiciary, you take it all in the chin and man up. I feel it is dangerous to establish arbitration award reasoning law, as most jurisdictions do ensure minimum safeguards by and through arbitration laws.

    Court-like arbitration every step of the arbitration way? Is that a reasonable goal? Heck, perhaps judges should arbitrate in their spare time. Would that do the trick. Probably not. So what gives?

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