Important Steps towards the Modernisation of Arbitration Law in Germany

On 1 February 2024, the German Federal Ministry of Justice (Bundesministerium der Justiz, „BMJ“) presented a ministerial draft bill on legislation for the modernisation of arbitration law (Gesetz zur Modernisierung des Schiedsverfahrensrechts, the „Draft Bill“). Following last year‘s publication of the key issues paper, an important step has been taken towards the implementation of the proposed reform. To our newsletter.