The German Federal Ministry of Justice published a draft bill to modernise the German Arbitration Act

On 1 February 2024, the German Federal Ministry of Justice published a draft bill to modernise the German Arbitration Act. This reform is long overdue: The last comprehensive reform of the German Arbitration Act took place more than 25 years ago. Since then, a lot has happened both on the German market and internationally. The proposal reflects important initiatives to modernize the German legislative framework, however, there is still a long way to go to fully achieve the Ministry's stated objectives of promoting arbitration in Germany.

Learn more about all the different aspects of the reform. 

Authors: Arne Fuchs, Partner; Dr Nicolas Nohlen, Partner

^{The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.}