What are the key features of arbitration laws in France?

What are the key features of arbitration laws in France?

Arbitration laws in France are primarily governed by the French Code of Civil Procedure. Key features include the autonomy of parties to choose their arbitrators, the principle of confidentiality, and the enforceability of arbitral awards under the New York Convention.

How does the arbitration process work in France?

The arbitration process in France typically involves the following steps: 1) Agreement to arbitrate, 2) Selection of arbitrators, 3) Preliminary hearing, 4) Exchange of pleadings, 5) Hearing, and 6) Issuance of the arbitral award.

Are there any specific laws that govern international arbitration in France?

Yes, international arbitration in France is governed by the French Code of Civil Procedure, particularly Articles 1442 to 1527, which outline the framework for arbitration agreements, proceedings, and awards.

What are the advantages of arbitration over litigation in France?

Arbitration offers several advantages over litigation in France, including faster resolution, confidentiality, flexibility in procedures, and the ability to choose specialized arbitrators.

Can you explain the enforcement of arbitral awards in France?

Arbitral awards in France are enforceable under the New York Convention, meaning they can be recognized and enforced in other member states, provided they meet certain criteria.