Quality standards and mission statement
Representing one of Europe’s leading arbitral institutions, the Vienna International Arbitral Centre (“VIAC”) serves as a focal point for the settlement of commercial disputes in the regional and international community. It has greatly benefited from its traditional position in a neutral country between east and west. Founded in 1975 as a department of the Austrian Federal Economic Chamber (“AFEC”), VIAC has in recent years enjoyed a steadily increasing caseload from a diverse range of parties spanning Europe, the Americas, and Asia.
VIAC has administered over 1,600 proceedings since its inception and is thereby one of the most experienced arbitration centers in the region. The center benefits from a robust global network of leading arbitrators experienced in international arbitration under the Vienna Rules. Austria has adopted the UNICTRAL Model Law as its law of arbitration in 2006 with minor changes. As of 2018, VIAC has taken over also administration of purely domestic disputes which had previously been vested with regional arbitration courts. This move fosters VIAC's position also within Austria as the leading arbitral institution.
There are at least 7 reasons for choosing VIAC as the preferred institution to carry out your arbitration:
7 Best Reasons
VIAC is comprised of the following bodies:
The Secretary General and its Deputy direct the activities of the Secretariat which performs administrative tasks as well as assisting the parties and arbitrators in conducting their arbitration including reservation of hearing facilities or other procedural aspects.
The Board currently consists of fifteen members, one Honorary President and one Honorary Member who are prominent members in the field of arbitration from various professions, including lawyers, academics and judges. The decision making powers relate mainly to appointment and challenges of arbitrators. The Board appoints one of its kind as President.
Make yourself familiar with the Vienna International Arbitral Centre and its procedures by reading Alice Fremuth-Wolf’s and Klaudia Dobosz's article published in the 6th edition of Arbitration World International Series. The authors present interesting facts about VIAC and its Rules and give a short and informative overview of subjects such as “Confidentiality”, “Model Clause”, Costs of Arbitration”, “Arbitrators” and “Arbitral Awards”.
In addition you may learn more about arbitration in Austria in DDr. Werner Melis' article "Arbitration in Austria".