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Help to arbitration process: Prague Rules signed
On behalf of the International Arbitration Court of the Czech Commodity Exchange, Štěpán Holub signed on December 14th The Prague Rules.
The purpose of The Prague Rules is to help arbitral tribunals to increase their effectiveness when managing proceedings by providing them with a guideline. This framework encourages a more active role for arbitral tribunals, thus helping to palliate the time and costs involved with arbitral proceedings. The Prague Rules, also called Rules on Efficient Conduct of Proceedings, are not intended to replace the arbitrations rules in place but are designed to supplement the procedure. It is up to the parties and the tribunals to choose if they want to apply it as a legally binding document or only as a guideline. As a matter of fact, this text does not innovate in terms of law but simply assembles the different techniques into one document.
Moving towards a more clear, less costly and faster arbitration process, The Prague Rules may well be the solution much sought after.
Read more at: https://praguerules.com/
The International Arbitration Court of the Czech Commodity Exchange is a permanent arbitration court, with a registered office in Prague. It resolves disputes arising from domestic and international commodities trading and from related receivables.
Štěpán Holub is one of the board members of the court.
Read more at: https://www.rozhodcisoud.cz/
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Jasper Brinkman
Jasper Brinkman
"Following a devastating hotel fire in Prague, the law firm Holubová advokáti, led by attorney Klara Dvorakova, successfully represented our extended family as a group of victims. The firm navigated complex international insurance and compensation laws to defend our rights.
I would like to acknowledge the extraordinary efforts the firm had to make to bring our case to a successful compensation under extremely difficult circumstances."
Stewarts
Stewarts
"A visit to her daughter in London turned Eva's life upside down when she says she stepped into a crossing on a green light but was hit by a car. Despite her remarkable bravery, she faced a long treatment due to fractures in her pelvis, and the associated limitations and pain are likely to persist for the rest of her life. Regular headaches and impaired concentration compound her challenges.
Eva contacted us through an organization temporarily helping her manage her difficult living situation. At that time, she was destitute, relying only on subsistence payments. We were able to assist her because we specialize in personal injury and have contacts with proven colleagues abroad.
We worked with Stewarts, a UK law firm, on this case. Attorneys Klára Dvořáková and Rebecca Huxford helped Eva with the documentation in her case, explaining her options and the differences between the Czech and British systems of healthcare and social benefits reimbursement. Within a few months, thanks to the professional cooperation between the two offices, an offer of compensation from the insurance company of approximately CZK seven million was achieved. The client accepted this settlement because she did not want to deal with courts in the United Kingdom.
Subsequently, we assisted the client with related tax issues and contacted Auditone, a tax consultancy firm, which arranged for the filing of a tax return. Compensation for lost income is taxable, unlike most personal injury compensation.
'No one has done as much for me as you,' Eva said.
The fact that we were able to help Eva gives our work meaning and brings us great joy. We are very happy that, thanks to our many years of active involvement in the international professional organization PEOPIL, we can cooperate on such cases."