Arbitration (procedure)

Procedure in which disagreements between – customers and the bank, – individual participants on the exchange or – other market parties are settled by mutual agreement through arbitration by an appointed body (arbitration committee, jury). – On many exchanges, members are obliged to participate in the arbitration proceedings. A court action in these cases requires an unsuccessful procedure at the conciliation board. – Section 37h of the German Securities Trading Act (WpHG) states: “Arbitration agreements on future disputes arising from securities services, ancillary securities services or financial futures transactions are only binding if both parties to the agreement are merchants or legal persons under public law.” – See complaint procedure, gatekeeper, conciliation board, ombudsmen.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/