Institutional Arbitration in Romania: Legal Issues and Institutional Development
Institutional Arbitration in Romania: Legal Issues and Institutional Development

Author(s): Crenguţa Leaua, Ingrid A. Müller, Sofia Cozac
Subject(s): International Law, Commercial Law
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: Institutional Arbitration in Romania; Romanian Code of Civil Procedure; Arbitral Institutions in Romania; Arbitral rules;
Summary/Abstract: The objective of this study is dual in nature. First, to analyse the provisions pertaining to institutional arbitration in Romania ― an aspect incorporated in the Romanian legislation with the enactment of the New Code of Civil Procedure ― while identifying certain particular characteristics of the administration and course of institutional arbitration proceedings. Secondly, to analyse institutional arbitration in Romania per se and to review the most relevant arbitral institutions in Romania, with the application of certain criteria relevant for arbitration. The research method used is analytical, but also comparative. To analyse the arbitral institutions in Romania the comparative method was applied, based on relevant criteria, such as: the availability of arbitration rules and options for expedited arbitration procedures, the availability of schedules of arbitral fees and expenses, the domestic or international experience of arbitrators, or whether or not there is a standard arbitration clause. The results of the study show that both the provisions concerning institutional arbitration in Romania, as well as the arbitration procedures and the regulations of the arbitral institutions analysed, enable the parties’ access to a modern and efficient way of settling their disputes.

• Details
• Contents