FIAC Frankfurt International Arbitration Center

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FIAC

Supporting businesses in resolving their disputes has been a main concern of the Frankfurt Chamber of Commerce and Industry (Frankfurt CCI) for many years. To this end it offers a range of alternative dispute resolution services (ADR). Providing arbitration services has a longstanding tradition at the Frankfurt CCI. Other facilities offered are the Conciliation Board for Commercial Disputes (Schlichtungsstelle für kaufmännische Streitigkeiten) and the Center for the Settlement of Competition Disputes (Einigungsstelle für die Beilegung von Wettbewerbsstreitigkeiten).

The German Institution of Arbitration (DIS) is the leading German provider of arbitration services. It represents the German arbitration community on a national and international level and is vigorously supported in its aims and objectives by the German chambers of commerce and industry as well as Germany's major trade and business associations.

The DIS Arbitration Rules serve as an excellent basis for the conduct of national and international arbitrations. The Arbitration Rules of the Frankfurt CCI refer to the DIS Arbitration Rules. The proceedings are administered by the DIS, having regard to Frankfurt being the place of arbitation. This cooperation ensures a uniform standard on an internationally acknowledged level.

In view of the continuing development of alternative dispute resolution procedures, the globalization of markets and the demand of businesses for alternative dispute resolution services, the Frankfurt CCI and DIS have founded in 2005 the Frankfurt International Arbitration Center of DIS and Frankfurt Chamber of Commerce and Industry -FIAC- in Germany's leading market place for finance and services.

The facilities of FIAC are available for the conduct of domestic and international arbitrations as well as for other ADR procedures, regardless of the underlying procedural rules.

ICSID-Arbitration in the FIAC

Also in 2005, DIS and the International Centre for the Settlement of Investment Disputes (ICSID), the organization of the World Bank dealing with the resolution of investment disputes, have concluded a cooperation agreement. By this agreement, FIAC is generally recognized as a potential place for the conduct of ICSID arbitrations under the ICSID Convention. ICSID deals with legal disputes between States and foreign investors and enables such investors to pursue their claims directly against a State.

Located in the building of the Frankfurt CCI, FIAC offers meeting and hearing facilities for ICSID arbitrations as well as for domestic or international arbitrations (e.g. DIS, ICC, UNCITRAL and ad hoc proceedings) and all other ADR procedures, suited to the individual requirements of each proceeding. The rooms are equipped with state-of-the-art technology, separate telephone and telefax lines and internet access. Simultaneous interpretation equipment is available. FIAC also provides assistance in arranging interpretors, stenographers and secretarial staff for the conduct of the proceedings. The choice of the place of arbitration is an important precondition for the successful conduct of an arbitral proceeding. From a legal perspective, i.a. the mandatory procedural rules at the place of arbitration to ensure due process and the potentially necessary recourse to state courts during arbitral proceedings or for the recognition and enforcement of arbitral awards are of practical relevance.

Apart from the advantages provided by the German arbitration law as a modern procedural framework, based on an internationally recognized standard, Frankfurt offers significant practical advantages: a modern and efficient infrastructure and easy accessibility for all participants.

Frankfurt

Frankfurt has an excellent worldwide reputation as a center for international finance and other services. As a prominent market place, it is the ideal location for a wide range of highly skilled practitioners, who are suitable to act as arbitrators in international arbitrations. Experts for all sectors of the economy are able to provide professional support for arbitral tribunals and parties. Furthermore, apart form their obvious standing, the facilities of the Frankfurt Chamber of Commerce and Industry have the added advantage of neutrality and proximity to business. This is physically documented by the fact that the Frankfurt CCI and the Frankfurt Stock Exchange share a joint location since the 19th century.

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