The Legal Framework for Arbitration in Bulgaria

General Information

  • UNCITRAL Model-Law based: Yes.
  • Legal Provisions: International Commercial Arbitration Act (ICAA) of 1988 (Published in the State Gazette (SG) No. 60 of 05.08.1988, as amended). The English translation is available at the website of the Bulgarian Chamber of Commerce and Industry. Other relevant national legal instruments relating to arbitration include the Bulgarian Civil Procedural Code, published in State Gazette No. 59, dated 20 July 2007, in force since 1 March 2008, and the Private International Law Code, published in State Gazette No. 42, dated 17 May 2005.

Multilateral Conventions

  • New York Convention: Yes (ratification/accession: 10 October 1961); reservations: reciprocity.
  • European Convention: Yes (ratification/accession: 13 May 1964); reservations: none.
  • ICSID Convention: Yes (ratification/accession: 13 April 2001); reservations: none.
  • Energy Charter Treaty: Yes (ratification/accession: 31 July 1996); reservations: none.

Arbitral Institutions

Last updated November 2016