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Commercial Arbitration - Annual Review 2016

  • Poland
  • Commercial litigation
  • Litigation and dispute management

06-05-2016

Maciej Jóźwiak from the litigation team at Wierzbowski Eversheds has been invited to contribute to the Commercial Arbitration - Annual Review 2016 published by Financier Worldwide Magazine. It covers the opinions of leading professionals around the world on the latest trends in commercial arbitration.


To see the whole interview click HERE to download the whole report.  
http://www.financierworldwide.com/annual-review-commercial-arbitration-2016#.Vyxm6ISLT0N
What factors often influence parties in their choice of arbitration over litigation? Could you outline some of the key benefits of abitration process for those involved? 

“The most frequently mentioned incentives for arbitration are time and cost efficiency. In my opinion, one key factor should be added: the power of control. In arbitration, everything is in the hands of the parties. In 2015, the number of cases brought to public courts in Poland exceeded 15 million; the courts are overloaded. This fact influences both speed of the proceeding, as well as the merit. Statistically, the number of cases which continue for longer than one year increases each year, in 2015 it was up to 13 percent, and the average time for recognition of a commercial dispute in a public court is two to four years. In arbitration, parties are able to set up all key elements of the process, including the length of the proceedings, number of instances and costs of the trial. The final factor – the predictability of costs – seems to be the most important factor for our clients.”

Click here to download the interview and the whole report. To open the report, please use the following password: fww246

 

Maciej Jóźwiak, Partner

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