On 1 July 2021, a new version of the VIAC Rules of Arbitration and Mediation as well as a complete new set of VIAC’s Investment Arbitration and Mediation Rules 2021 entered into force. They are applicable to all proceedings commenced after 30 June 2021.
After the cancellation due to COVID-19 last year, the IBA-VIAC Consensual Dispute Resolution Competition (CDRC Vienna) took place for the first time this year as an online competition from July 10th to 14th, 2021; overall, the competition was held for the sixth time. The Vienna International Arbitral Center (VIAC) and the International Bar Association (IBA) jointly invited students and practitioners from all over the world to exchange knowledge and to negotiate and solve the case of the Willem C. Vis Moot. As an online version, the competition also offered many options for a digital supporting program with workshops and socializing evening events.
VIAC introduces the VIAC Portal – an online case management platform hosted on HighQ, a cloud-based file sharing and collaboration software operated by Thomson Reuters. The VIAC Portal can be used for all types of VIAC proceedings for communication among the VIAC, the parties, and the arbitrators or other third-party neutrals. On the Portal, a separate case site will be opened for each case. The VIAC Portal is set up to further increase efficiency in VIAC cases, to enable transparency among case participants, and to address the participants’ ever increasing needs for data security, confidentiality and privacy.