REGULATIONS REGARDING NATIONAL AND INTERNATIONAL ARBITRATION. THE NEW REGULATION IN THE ROMANIAN LAW
REGULATIONS REGARDING NATIONAL AND INTERNATIONAL ARBITRATION. THE NEW REGULATION IN THE ROMANIAN LAW

Summary/Abstract: Arbitration has represented a means of solving civil disputes since Antiquity. Starting with the 20th century, arbitration has become the preferred form for solving litigations deriving from international trade operations. On the basis of the parties’ agreement, the disputes are submitted to be solved, according to the parties’ agreement, to some arbitrators designated for certain cases or to some permanent institutions of arbitration, which have the duty to judge the dispute and to pronounce a decision, which the parties commit to execute. Due to its generalization and importance, the institution of arbitration is regulated by national laws and international agreements, both bilateral and multilateral.

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