RESOLUTION OF COMMERCIAL DISPUTES THROUGH ARBITRATION AS A CONTRIBUTOR TO IMPROVEMENT OF BUSINESS ENVIRONMENT IN SERBIA

Jelena Perović and Milena Đorđević
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Jelena Perović: University of Belgrade Faculty of Economics
Milena Đorđević: University of Belgrade Faculty of Law

Serbian Association of Economists Journal, 2013, issue 3-4, 238-255

Abstract: The paper presents a brief overview of selected arbitration-related issues (legal framework for arbitration, different types of arbitration, arbitration agreement, arbitrators, seat of arbitration, law applicable to the arbi- tration proceedings and merits, arbitration award, costs), in light of con- temporary arbitration trends and practices and with special emphasis on Serbian legislation and existing arbitral practice in Serbia. Further- more, it provides readers with drafting considerations when agreeing to arbitration, and comparative analyses of advantages and disadvan- tages of arbitration, as dispute resolution mechanism which can, in aut- hors' view, significantly contribute to reduction of transaction costs and overall improvement of business environment in Serbia.

Keywords: arbitration; commercial disputes; arbitrators; arbitra- tion agreement; applicable law; arbitral award; costs (search for similar items in EconPapers)
JEL-codes: E00 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:srb:journl:y:2013:i:3-4:p:238-255

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