Less formal than litigation, arbitration should be faster and more cost-effective. But this is not always the case. In current practice review of the case by Dutch courts can be more efficient and economically profitable arbitrage. Sometimes the advantage of arbitration is in the best performance of obligations under an award.
Whatever the reason, at present the parties prefer to negotiate Arbitration on a large scale. ARBITRATION CLAUSE valid and binding Netherlands – The Netherlands is a party to the New York Convention on arbitration and arbitral awards. As a consequence, the Dutch courts obliged to accept a written agreement under which the parties undertake to submit to arbitration disputes arising between them. At the request of one of the parties the Court will direct the parties to arbitration in the case in considered the issues on which the parties entered into an arbitration agreement, unless the said agreement is unlawful, void or may not be fulfilled. To do this, the Convention provides that member country of the treaty should recognize arbitral awards as binding and enforce in accordance with the procedural rules of the country where the decision was made, under the conditions set out in the following articles. Awards made in another Member State of the contract are recognized in the Netherlands – the Netherlands and vice versa. The Convention is implemented in Dutch legislation, in particular – in Dutch Law Arbitration and the Dutch Code of Civil Procedure.
Arbitrage in the Netherlands – the Netherlands is a reliable method of resolving disputes. Dutch law firm Business Legal Consultancy helps customers around the world. The firm offers reliable, skilled and professional services designed to meet the needs of our customers. TAMARA (Transport and Maritime Arbitration Rotterdam-Amsterdam) Dutch legal community recognized that long ago there was a need for more qualitative arbitration on maritime and international trade.