ARBITRATION IN THE SLOVAK REPUBLIC: MODERN TRENDS AND LEGAL CHALLENGES

Arbitration in the Slovak Republic has grown steadily as the preferred commercial dispute resolution method, driven by a robust legal framework under the Arbitration Act aligned with the UNCITRAL Model Law. Despite its increasing popularity, the adoption of arbitration remains relatively slow, hindered by the issues such as judicial interference, limited public awareness, and perceived complexities. Efforts to popularize arbitration include enhancing arbitrator expertise, educating judges, and fostering institutional support. The integration of technology, such as online dispute resolution platforms and virtual hearings, has modernized the arbitration process, improving its efficiency and accessibility. However, the challenges persist. Addressing these challenges requires continued public awareness campaigns, legislative reforms, and stricter oversight to ensure transparency and fairness. By embracing these measures, Slovakia could strengthen its arbitration framework, making it a more attractive venue for domestic and international commercial disputes and fostering a more favorable environment for effective alternative dispute resolution. In this paper, the authors will attempt to summarize the modern trends and legal challenges of arbitration in Slovakia.