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Arbitration

Arbitration Procedure - consulting, legal assistance and representation before the International Commercial Arbitration Court at the Chamber of Commerce and Industry of Romania

Arbitration is the procedure used for international and domestic commercial litigation, jurisdiction is determined on the basis of agreements reached by merchants in contracts or addenda.

    Litigation by the Court of Arbitration has many advantages:
  • Rulings are final and binding for the parties;
  • They enjoy wide international recognition;
  • Specialized competences of arbitrators - Arbitration Court judges are highly qualified specialists in law and international trade;
  • Privacy - not public hearings, no person has access to information on dispute settlement activity Court of Arbitration;
  • Speed - arbitration proceedings are to be conducted over a period of 12 months, or 6 months in international arbitration.