Arbitration proceedings as a means of dispute resolution in international law with regard to the recognition and enforcement of foreign arbitral awards Resumé Arbitration as a method of settlement of disputes settlement has enjoyed growing popularity in recent several years. Arbitration stands between other alternative means of dispute settlement and the common court trial as a alternative dispute resolution. Although negotiation, good offices, mediation, conciliation, inquiry, mini-trial, medarb or meadaloa are often used forms of the dispute settlement their awards cannot be enforced by the state authority. Those means are popular mainly in the business field where the parties are interested in the cooperation and where they aim to clear up some misunderstanding or technical problems rather than solve major disputes between them. While the dispute should be solved by the binding way the parties would choose the arbitration as a legally framed procedure. Arbitral awards are then able to be enforced and the parties also have more exact boundaries for the whole procedure. However, there is no unified definition of the arbitration, it could be described as a legal technique where the parties bring claim before one or more neutral persons (arbiters or arbitral tribunal) by whose award the parties agree to be...

THESIS ABSTRACT The topic of Multi-tiered dispute resolution methods (or "MDR") is one of growing importance for parties involved in international transactions. When applied it allows them to resolve their disputes "smoothly" with the possibility to avoid an open conflict scenario and reduce their transaction costs. This masters thesis aim is to describe the legal phenomenon mentioned above in seven chapters. The first three chapters deal with theoretical and historical background of the topic, followed by the description of a variety of possible dispute resolution methods in chapter IV. Chapter V. lists three model MDR clauses and describes the Med-arb method as a typical example of MDR. Chapters VI. and VII. are concerned with practical questions of relevant legal orders in the arbitration step of MDR and with the importance of recognition and enforcement of arbitral awards.