An article highlighting the key arbitration related developments in the EU in 2010/2011.
Brussels Regulation reform
The European Commission published its legislative proposals for the reform of the Brussels Regulation on 14 December 2010. The Commission's proposals include a proposal to extend the arbitration exception contained in Article 1(2)(d) of the Brussels Regulation by adding a new provision requiring a court seised of a dispute to stay the proceedings where the question of arbitral jurisdiction is before either the courts of the seat or an arbitral tribunal. See Legal update, Brussels Regulation reforms: European Commission proposes to retain arbitration exception.
The Commission's proposal will be sent to the European Parliament and the Council to be considered under the ordinary legislative procedure (formerly the co-decision procedure). The Commission has indicated that final approval of the proposal is expected in the next two to three years.