Abstract
When the Netherlands substantially revised and modernized its arbitration law in 1986 it was one of the first countries to do so, soon to be followed by many other major arbitration jurisdictions. Although the current law functions well, it is considered time for an update. In 1986, it was decided not to implement the UNCITRAL Model Law. In proposing the current revision, the law is brought in line more closely with some of the Model Law's provisions. In addition, several changes have been made to modernize the law and to increase the efficiency of the arbitral process. The amended law will enhance the attractiveness of the Netherlands as a seat for international arbitration.
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