A Surge of Interest in Luxembourg Arbitration
In recent years, Luxembourg is clearly experiencing a resurgence of interest in arbitration. This is however not unexpected as Luxembourg enjoys certain factors which naturally contribute to the development of arbitration.
Thus, in regard of the many advantages that Luxembourg possesses to promote the use of arbitration, such as multilingual culture, political stability, location, and the availability of lawyers from numerous cultural and legal backgrounds, with deep knowledge of different legal systems, it is not surprising that Luxembourg has become one of the main arbitration centres worldwide. [...]
Read more in the Trends & Developments Luxembourg chapter in the latest Chambers International Arbitration 2021 Global Practice Guide.
The guide features 60 key jurisdictions and provides the latest legal information on the impact of COVID-19, arbitral tribunals, challenges to jurisdiction, preliminary and interim relief, collection and submission of evidence, confidentiality, types of remedies, enforcement and review of awards, class action, and third-party funding.
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