Montenegro

The Legal Framework for Arbitration

General Information

  • UNCITRAL Model-Law based: Yes.

  • Legal Provisions: The Montenegrin Arbitration Act, adopted on 31 July 2015, and entered into force on 26 August 2015.

Arbitral Institutions

  • Arbitration Court at the Chamber of Economy of Montenegro

Multilateral Conventions

  • New York Convention: Yes (ratification/accession: 23 October 2006); reservations:

1. The Convention is applied in regard to the Socialist Federal Republic of Yugoslavia only to those arbitral awards which were adopted after the coming of the Convention into effect.

2. The Socialist Federal Republic of Yugoslavia will apply the Convention on a reciprocal basis only to those arbitral awards which were adopted on the territory of the other State Party to the Convention.

3. The Socialist Federal Republic of Yugoslavia will apply the Convention [only] with respect to the disputes arising from the legal relations, contractual and non-contractual, which, according to its national legislation are considered as economic.

  • European Convention: Yes (ratification/accession: 23 October 2006).

  • ICSID Convention: Yes (ratification/accession: 10 April 2013).

  • Energy Charter Treaty: Yes (ratification/accession: 16 July 2015).

 

Last updated February 2019