Preparing for Arbitration in Austria and Internationally
Since you’re operating in Austria but want to develop international investments, you need to find the arbitration agency that understands subtleties of arbitration in Austria and abroad. Most businesses and arbitration experts will quickly opt out of the national court system, and even family businesses or sporting unions choose to operate in this way. Getting involved with the national courts is often very messy and very expensive, making arbitration the more practical way to settle disputes not only in Austria, but around the world. With enough preparation and protection, your business will continue to grow.
You need an agency that will take extra steps to ensure that you’re protected in a dispute. All of the experience and knowledge in the world can’t predict the decision of a jury, so learn whether or not a protection agency uses mock jury trials and focus groups to give you better, more realistic ways to prepare for arbitration in Austria. A mock trial allows you and your agency to test witness credibility, theme acceptance and to identify any open issues that need to be addressed more thoroughly. Aside from mock trials or juries, focus groups give you other, broader ways to test new directions that you want to take your business in.
As you get closer to finding an agency that specializes in international arbitration in Austria, start looking for some additional services. For example, particularly skilled and helpful agencies will not only defend your investments, but will help you identify internal investing opportunities. Find an agency that will structure your finance and investment protection, give you all the support that you need to establish local Greenfield operations, handle your tenders and privatizations, offer legal advice when you’re investigating acquisitions, takeovers and related equity transactions and will assist and guide you in identifying investment opportunities. You won’t have any international investments to defend if you can’t find and establish any, so an agency that helps you do both is highly valuable.
International Law and Protection
Arbitration in Austria is slightly different from international arbitration, and both you and the agency that you choose to defend you need to understand that. As transnational business activity develops and the business world becomes more globalized and connected, it’s important that your business is properly equipped to engage in foreign direct investment. Many countries have implemented legislation like Bilateral Investment Treaties to protect foreign investment.
These treaties are the first layer of foreign investment protection, and allow investors to make claims against states in a safe arbitration environment, like the International Center for the Settlement of Investment Disputes in Washington, DC. By working with predetermined and private arbitration centers, you and other businesses can feel safe as you work out foreign disputes away from national courts and the public eye.
Due to the remarkable complexity and the convoluted intersections of private and public law both within and across nations, international investment arbitration requires a great deal of specialized expertise. In order to get all the benefits of investment protection policies, you need to work with arbitrators who understand and defend the original investment and are very skilled in this particular arbitration process.
