Camera de comerț și industrie a României
Together for your business
Court of
International
Commercial Arbitration
History
The translation of the provided text into English is:
The International Court of Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania is the oldest commercial arbitration institution in Romania, established in 1953 and with over 60 years of activity.
Throughout this time, the Arbitration Court has built and maintained an excellent reputation through the arbitrators it has had and still has, as well as through the quality of the arbitral awards issued. Thus, the main elements that strengthen the credibility of this institution are given by:
The good professional reputation of the arbitrators
(both Romanian and foreign arbitrators)
The institutional stability of the Court, because in the field of commercial arbitration, the parties need to know that if they include an arbitration clause in the contract, several years later, when they turn to the Court's services, it will still be functional—not only at the time of resolving the dispute but also at the time of enforcing the arbitral award.
Organization
In accordance with Law no. 335 of December 3, 2007, the Arbitration Court was reorganized as a permanent arbitration institution attached to the Chamber of Commerce and Industry of Romania, which manages both domestic and international arbitrations.
The Court has a list of arbitrators that includes 98 professionals with experience and a high professional reputation, both in the legal field and in academia. The list of arbitrators is regularly updated once a year.
The Court carries out its activities according to its own Arbitration Code and is led by a Board of Directors, with Prof. Dr. Ștefan DEACONU as president and Assoc. Prof. Dr. Bazil OGLINDA as vice-president. The other members of the Board of Directors are: Assoc. Prof. Dr. Claudiu DINU, Florian NIȚU, Sorina OLARU, Cornel POPA, and Cosmin VASILE.
Services
In accordance with the Regulation regarding the organization and operation of the International Court of Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania, the Court offers the following services:
- domestic and international commercial arbitration;
- legal assistance and support related to the arbitration procedure, in general;
- legislative analysis in the field of arbitration;
- managing the cooperation relationship between arbitration committees within the Chamber of Commerce and Industry system in Romania.
Arbitration conducted by the International Court of Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania
According to its Rules, the Court resolves, in accordance with the arbitration agreement concluded between the parties, either at law or in equity, domestic and international commercial disputes.
In the arbitration of disputes, the parties benefit from:
- a permanent secretariat, composed of specialized legal advisers and administrative staff;
- a dedicated service for managing ad-hoc arbitrations;
- arbitration procedural rules in both English and Romanian, along with on-site assistance regarding their use and implementation;
- a dynamic list of renowned arbitrators, both Romanian and foreign;
- hearing rooms located in the center of Bucharest for conducting arbitration sessions.
The Arbitration Court resolves commercial disputes in all economic sectors: from infrastructure, construction, project financing, commercial contracts, distribution or leasing of equipment, to banking services, capital markets, insurance, public procurement, energy, oil, and natural gas.
In the last 10 years, since Romania became a member state of the European Union, the Arbitration Court has resolved over 3,000 commercial disputes, of which more than 700 were international disputes.
Arbitration Fees
Arbitration fees are expressed as a percentage, regressive, in brackets, based on the value of the dispute’s subject, according to the Rules regarding arbitration fees and costs, which can be found on the Court’s website.
CCIR Business Center
Telefoane Directii
ccir@ccir.ro
Mai multe detalii
Termeni și condiții