The arbitration court of the Slovak Bar Association (SBA) recently adopted new corporate dispute resolution rules. The SBA arbitration court is one of the most prominent arbitral institutions in Slovakia and the first to adopt specific rules for corporate disputes. The new framework aims to pave the way for more effective and specialised resolution of corporate disputes.
The Ministry of Justice recently published its proposal for an amendment to the Arbitration Act which aims to strengthen consumer protection. This update looks at some of the key changes envisaged by the amendment and the effect that they might have on arbitration proceedings.
A recent amendment to the Slovak Civil Code has made it harder to arbitrate consumer disputes. Effective as of January 1 2008, the amendment makes all exclusive arbitration clauses within consumer contracts null and void. The amendment also appears to apply retroactively to all consumer contracts concluded before it came into force.
Within the framework of commercial relationships, the question has arisen as to whether the COVID-19 pandemic may be considered a force majeure event and, if so, what impact this could have on contractual obligations. Notably, the occurrence of a force majeure event does not automatically relieve the liability to fulfil an obligation.