France Revises Arbitration Law

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A new arbitration law was adopted in France by Decree No 2011-48 of 13 January 2011 ("the new law"), replacing the 1980 and 1981 texts. The new law, which came into force 1 May 2011, aims to enhance efficiency in the arbitral process and enforcement of arbitral awards, to clarify French arbitration law and make it more accessible to practitioners worldwide.

France, home of the Court of Arbitration of the International Chamber of Commerce (ICC), is one of the longest established centers of international arbitration, and ICC Arbitration Clauses are widely adopted in international contracts. As a result, changes in French arbitration law are of direct interest to parties engaged in cross-border commerce wherever they are from.

This Client Alert provides a summary of the major innovations of the new arbitration law with respect to international arbitration, with passing reference to the ICC Arbitration Rules, and concludes with an outline of some practical steps to be considered in light of the new law.

Please see full alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Reed Smith | Attorney Advertising

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