Arbitration as a private alternative to state court proceedings is in Slovakia governed by the Arbitration Act No. 244/2002 Coll. as amended.
The Arbitration Act regulates resolution of disputes arisen from national and international commercial and civil relations if the place of arbitration is within the Slovak Republic.
Civil judicial proceedings in Slovakia take on average almost 21 months and commercial almost 22 months.
Parties often conclude arbitration agreement to resolve their arbitrable disputes effectively via arbitration.