Arbitration

Czech law to a large extent allows legal entities to modify the manner of enforcement of their rights. In business matters, the parties may elect, aside from the courts, to resolve their disputes before an arbitration panel, and may even select the procedural rules to be applied. In the event of a dispute, the parties turn to an independent third party – an arbitrator – and undertake to observe its judgment. For local disputes, the attorneys of PRK Partners normally recommend the Arbitration Court attached to the Economic Chamber of the Czech Republic and Agricultural Chamber of the Czech Republic (a number of them are registered as arbitrators with this court). For this reason they are able to provide their clients further valuable advice on conducting disputes, based on their own experience gained from deciding disputes before the said court in other cases. PRK Partners will also advise its clients which arbitration institution to select in international disputes. Some disputes, especially those over smaller amounts or those which do not require the formal institutional background, may be resolved before arbitrators appointed ad hoc.

If arbitration is selected, the parties possess an instrument which will in most cases lead to swifter obtaining of an enforceable judgment.

International alliance membership