Legal Business

Sponsored briefing: Arbitration in the Czech Republic in 2020 – 25 years of the Arbitration Act and counting

František Honsa and Petr Vošahlík give an overview of arbitration in the Czech Republic

Introduction

Arbitration within the territory of the Czech Republic recently celebrated its 70th anniversary. Although having a longstanding tradition, the reputation of arbitration as an alternative to dispute resolution before the courts in the Czech Republic has not always been positive. Arbitration was negatively influenced by consumer arbitration and infamous private arbitration centres. On the other hand, the Czech business environment thrives on arbitration as an instrument that benefits parties that make use of it by establishing clear rules and the far-reaching possibilities it offers in contractual freedom.