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Schiedsverfahren

arbitration proceedings; dispute resolution before a private tribunal

noun SHEETS-fer-fah-ren Rare

Usage Note

Schiedsverfahren is an alternative to state courts, agreed upon by the parties, where a Schiedsgericht renders a binding Schiedsspruch. Common in commercial disputes; regulated by §§ 1025 ff. ZPO. Plural: Schiedsverfahren (unchanged).

Examples

"Der Vertrag sah ein Schiedsverfahren in Frankfurt vor."

Natural Translation

The contract provided for arbitration proceedings in Frankfurt.

Literal Translation

The contract provided an arbitration procedure in Frankfurt.

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