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Short Overview Of International Arbitration Ruling In Romania From The Perspective Of The Rules Of Newly Established Arbitration Forums

Author

Listed:
  • Beatrice Onica-Jarka

    (Lawyer, Bucharest Bar Association)

  • Tudor Contas

    (Lawyer, Bucharest Bar Association)

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.

Suggested Citation

  • Beatrice Onica-Jarka & Tudor Contas, 2016. "Short Overview Of International Arbitration Ruling In Romania From The Perspective Of The Rules Of Newly Established Arbitration Forums," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 5(1), pages 88-93, November.
    • Handle: RePEc:sja:journl:v:5:y:2016:i:1:p:88-93
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    File URL: http://businesslawconference.ro/revista/articole/an5nr1/Art.%2013%20Jarka,%20Contas.pdf
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    References listed on IDEAS

    as
    1. Hamed Alavi & Tatsiana Khamichonak, 2016. "International arbitration and its exclusion from the Brussels regime," Juridical Tribune - Review of Comparative and International Law, Bucharest Academy of Economic Studies, vol. 6(1), pages 7-26, June.
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      Keywords

      international arbitration; arbitration’s seat; arbitrators’ appointment; arbitration’s costs; arbitral institutions.;
      All these keywords.

      JEL classification:

      • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
      • K49 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Other

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