[ARBITRATION] The fate of multi-tiered arbitration clauses – welcome clarification of the consequences of a lack of compliance with multi-tiered arbitration clauses in Germany and in France

Where­as mul­ti-tiered arbi­tra­tion claus­es used to be rather excep­tion­al two decades ago, they are increas­ing­ly used nowa­days and can be found in a large num­ber of con­tracts. These claus­es aim to meet the grow­ing need for the reduc­tion of time and costs by fore­see­ing arbi­tra­tion only as a last means in case the pre­vi­ous pro­ceed­ings…