Recommended Arbitration clause
"All disputes arising out of this contract or related to its
violation, termination or nullity shall be finally settled under
the Rules of Arbitration and Conciliation of the International
Arbitral Centre of the Austrian Federal Economic Chamber in Vienna
(Vienna Rules) by one or more arbitrators appointed in accordance
with these rules."
Appropriate supplementary provisions:
a) the number of arbitrators shall be ........ (one or
b)the substantive law of .............. shall be
c) the language to be used in the arbitral proceedings shall be
Parties having concluded the arbitration agreement as
businessmen may waive their right to have recourse against an award
in Austria on those grounds on which recourse may be had against a
court judgment by way of an application for reopening the case. If
this is desired, it is recommended that the following be added:
"Pursuant to para. 598 (2) of the Austrian Code of Civil
Procedure (ZPO), the parties expressly waive the application of
para. 595 (1) figure 7 of the said Code."
*) In this context, consideration should be given to the
possible application of the United Nations Convention on Contracts
for the International Sale of Goods, 1980.