Greek legislation contains various provisions regarding:
- participation of the Greek state in arbitration proceedings;
- investment arbitration;
- construction arbitration.
- maritime arbitration;
- energy arbitration.
Recognizing & enforcing foreign arbitral awards in Greece is mainly governed by the NYC. National rules for recognizing & enforcing foreign arbitral awards are contained in the LICA.
Greece: Dispute Resolution by Arbitration
Greek arbitration legislation contains the following provisions regarding domestic & international arbitration:
- the equal treatment principle is to be applied;
- awards are to be issued in writing.
Resolving Disputes Through Arbitration in Greece: Exceptions
Any dispute may be referred to arbitration, providing it complies with the provisions of arbitration legislation. It’s impossible to resolve disputes connected to:
- antimonopoly legislation;
However, an exception can be made with respect to disputes related to registration of a TM or patent in Greece or claims for compensation.
Settling a Dispute by Arbitration in Greece: 3rd Parties
Arbitration legislation doesn’t explicitly provide for the involvement of 3rd parties. However, they can initiate arbitration in Greece, if parties & the court agree to that. Such consent isn’t required if 3rd parties are signatories to an arbitration agreement.
Dispute Resolution By Way of Arbitration in Greece: Arbitrators
There’s no arbitrator-related restrictions. Acting or retired adjudicators can act as arbitrators; however, the latter can only be appointed on the basis of the rotation system & are subject to fee restrictions.
Arbitrators appointed by the state can only be members of the Legal Council.
Depending on the specifics of a dispute, parties can limit the choice of arbitrators in their arbitration agreement. Citizenship restrictions are generally associated with the choice of the chairman in international arbitration.
Need more info on arbitration regulation in Greece? Looking for an individual consultation on initiation of arbitration in Greece? Why not contact IQ Decision UK?