The Legal Framework for Arbitration in Latvia

General Information

• UNCITRAL Model-Law based: No.
• Legal Provisions: Law of Civil Procedure (chapter D), effective 1 March 1999 and the "Arbitration Act" effective as of 1 January 2015.

Multilateral Conventions

• New York Convention: Yes (ratification/accession: 14 April 1992); reservations: none.
• European Convention: Yes (ratification/accession: 20 March 2003); reservations: article II, paragraph 1, shall not apply for state authorities and local government authorities.
• ICSID Convention: Yes (ratification/accession: 8 August 1997); reservations: none.
• Energy Charter Treaty: Yes (ratification/accession: 18 December 1995); reservations: none.

Arbitral Institutions

• Baltic International Arbitration Court
• The Arbitration Court of Latvian Chamber of Commerce and Industry 
• Riga International Arbitration Court

 

Last updated November 2016