SHORT OVERVIEW OF INTERNATIONAL ARBITRATION RULING IN ROMANIA FROM THE PERSPECTIVE OF THE RULES OF NEWLY ESTABLISHED ARBITRATION FORUMS

Beatrice Onica-Jarka () and Tudor Contas ()
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Beatrice Onica-Jarka: Lawyer, Bucharest Bar Association
Tudor Contas: Lawyer, Bucharest Bar Association

Perspectives of Law and Public Administration, 2016, vol. 5, issue 1, 88-93

Abstract: In Romania there are several traditional or new arbitral Courtsthat are willing to provide their services to legal entities in an international context and in a competent and efficient semblance. Two of these, the Arbitration Court of the Romanian-German Chamber of Industry and Commerce and Bucharest International Arbitration Court, adopted their Rules relatively recent and eluded from practitionersreviews. Therefore, the present article will analyze the Rules of the mentioned arbitral Courts by comparison with the ICC Rules, LCIA Rules and HKIAC Rules, starting from the most valuable characteristics of international arbitration, as determined in the 2015 International Arbitration Survey, with the purpose of concluding if the new arbitral Courts of Romania are important competitors in the field and if their recommended arbitration agreement should be included in the commercial agreements.

Keywords: international arbitration; arbitration’s seat; arbitrators’ appointment; arbitration’s costs; arbitral institutions. (search for similar items in EconPapers)
JEL-codes: K33 K49 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sja:journl:v:5:y:2016:i:1:p:88-93

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