Arbitration: The new way of dealing business disputes

The Master thesis describes comprehensively attributes and operating of arbitration in the Czech Republic which has acquired significance recently. The work is divided into eight chapters. After exordium I make readers acquainted with alternative dispute resolution, e.g. mediation. The third chapter characterizes arbitration and describes history, sources of law, types of arbitration and capability of arbitrator in the Czech Republic. The fourth part deals with the arbitration agreements and their requirements. The fifth chapter is dedicated to its particular stages and revision, recognition and enforcement of the arbitral awards in order to provide the reader an complex overview of the the arbitration proceedings. In the sixth section, the author tries to define advantages and disadvantages of this method of solving disputes and to answer question why we should choose it. The seventh chapter adds a special current issues devoting an arbitration clause on consumer contracts. In the last chapter author concludes the topic and suggests improvements