Representing one of Europe’s leading arbitral institutions, the Vienna International Arbitral Centre (“VIAC”) serves as a focal point for the settlement of commercial disputes in the regional and international community. It has greatly benefited from its traditional position in a neutral country between east and west. Founded in 1975 as a department of the Austrian Federal Economic Chamber (“AFEC”), VIAC has in recent years enjoyed a steadily increasing caseload from a diverse range of parties spanning Europe, the Americas, and Asia.
VIAC has administered over 1,700 proceedings since its inception and is thereby one of the most experienced arbitration centers in the region. The center benefits from a robust global network of leading arbitrators experienced in international arbitration under the Vienna Rules. Austria has adopted the UNICTRAL Model Law as its law of arbitration in 2006 with minor changes. As of 2018, VIAC has taken over also administration of purely domestic disputes which had previously been vested with regional arbitration courts. This move fosters VIAC's position also within Austria as the leading arbitral institution.
STRUCTURE OF VIAC