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Vienna International Arbitral Centre celebrates 40 years

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A collection of arbitral awards has been published to mark the 40-year anniversary of the VIAC, giving an insight into the institution's work and the proceedings it has administered.

The Vienna International Arbitral Centre (VIAC) is one of Europe’s leading arbitral institutions and serves as a focal point for the settlement of commercial disputes in the international community. The VIAC was founded in 1975 as a permanent arbitral institution of the Austrian Federal Economic Chamber and has since enjoyed a steadily increasing caseload from a diverse range of parties spanning Europe, the Americas and Asia.

Since its inception 40 years ago, the VIAC 40 has administered over 1,600 proceedings. To mark this anniversary, VIAC has now published a collection of 60 Selected Arbitral Awards, rendered by arbitral tribunals under the “Vienna Rules”. The publication not only offers a valuable insight into the various procedural and substantive issues which have arisen over the years. The VIAC also wants to make a small but concrete contribution towards fostering greater familiarity, predictability and confidence in relation to the international arbitral process, including the award as its end result.

Arbitration proceedings are administered by the VIAC in accordance with its own rules of arbitration (Vienna Rules) provided the parties to the dispute have agreed to them.The arbitral proceedings are individually designed according to the parties’ requirements and meet the highest quality criteria.