SGH Arbitration Proceedings
Arbitration proceedings can be used to reach binding decisions on commercial disputes. The rules of the SGH are tailored to the needs of businesses. The duration and cost of the proceedings are predictable.
Companies choose the arbitrator, the language of the proceedings (German or English), the place of arbitration and hearing, the applicable law and can help shape the proceedings yourself.
For amounts in dispute up to € 250,000, a sole arbitrator will decide. For higher amounts in dispute, a tribunal of three arbitrators will be constituted.
Arbitration proceedings are not public, ensuring that trade secrets are protected and disputes are not made public.
Thanks to strict deadline and case management following internationally recognized standards, decisions are usually made within 12 months. For urgent cases, SGH offers a fast-track procedure enabling parties to obtain a decision within just 6 months.
The SGH ensures transparency through binding fee tables and the limitation of cost reimbursement of costs. As there is no appeal no further cost will accrue following the award.
A key advantage over state court judgments: Arbitration Awards are enforceable across borders in 172 countries worldwide due to the “New York Convention” of 1958.
SGH's legal advisors may accompany the proceedings. The SGH can suggest changes to the draft Arbitration Award for quality assurance and to ensure enforceability, the Arbitral Tribunal's freedom to decide is maintained without exception.
The SGH at the German Chamber of Commerce is part of the network of the all Chambers of Commerce and Industry (CCIs) in Germany and the German Chambers of Commerce Abroad (AHKs) at over 150 locations in 93 countries worldwide.