Permanent Arbitration Court
The Permanent Arbitration Court for clubs and corporations of the professional leagues (short form: Permanent Arbitration Court) is an arbitration tribunal between Die Liga – Fußballverband (The League - League Association), its subsidiary Deutsche Fußball Liga (DFL) and the German Football Association (German: Deutscher Fussball-Bund, DFB) on the one hand, and the clubs or corporations who are involved in the Bundesliga or 2. Bundesliga on the other hand.
Source: Wikipedia — Permanent Arbitration Court (CC BY-SA 4.0)