TY  - BOOK
AU  -  Deutsche Institution für
PY  - 2021
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 1435-4748
TI  - Financial Capacity of the Parties
T2  - A Condition for the Validity of Arbitration Agreements?- Based on a Conference organized by the German Institution of Arbitration (DIS) on 29 th  November 2002 in Berlin
UR  - https://www.peterlang.com/document/1097176
N2  - The German Federal Court of Justice ruled in 2000 that an arbitration agreement is eo ipso incapable of being performed if the parties to the arbitration agreement are not able to meet the procedural costs for the proceedings. The book discusses in detail the implications of this case law on arbitration in Germany. Furthermore, eminent lawyers from Austria, France, Switzerland, the United Kingdom and the United States set out the practical implications of impecuniosity and insolvency of parties on the arbitral process under their respective legal systems. Possible practical instruments in the banking and insurance sectors to overcome the detrimental effects of impecuniosity are discussed. The contributions are based on a conference organized by DIS in November 2002 in Berlin.
KW  - Berlin (2002), Schiedsgerichtsbarkeit, Liquidität, Kongress, Deutschland, Frankreich, Österreich, USA, Grossbritannien
LA  - English
ER  -