Vienna Rules

The most recent version of the Rules of Arbitration and Conciliation of VIAC (Vienna Rules) was adopted by the Extended Presiding Committee of the Austrian Federal Economic Chamber on 8 May 2013. The new Vienna Rules 2013 took effect on 1 July 2013 and apply to all proceedings initiated on or after that date.

Previous versions:

The main advantage of the Vienna Rules is their flexibility which enables the parties and arbitrators to tailor the proceedings exactly to the needs of the parties and their dispute. Another advantage is the binding schedule of fees which means that administrative costs as well as arbitrators’ fees are fully predictable for the parties already at the outset of the proceedings by using the cost calculator.