Romania

The Legal Framework for Arbitration

General Information

  • UNCITRAL Model-Law based: No. 

  • Legal Provisions: Civil Procedural Code (Books IV and VII), entered into force on 15 February 2013.

Arbitral Institutions

  • The Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania (CICA-CCIR) 

  • Bucharest International Arbitration Court

  • Court of Arbitration attached to the German-Romanian Chamber of Commerce

Multilateral Conventions

  • New York Convention: Yes (ratification/accession: 13 September 1961); reservations:

The Romanian People's Republic will apply the Convention only to differences arising out of legal relationships, whether contractual or not, which are considered as commercial under its legislation.
The Romanian People's Republic will apply the Convention to the recognition and enforcement of awards made in the territory of another Contracting State. As regards awards made in the territory of certain non-contracting States, the Romanian People's Republic will apply the Convention only on the basis of reciprocity established by joint agreement between the parties.

  • European Convention: Yes (ratification/accession: 16 August 1963).  

  • ICSID Convention: Yes (ratification/accession: 12 September 1975). 

  • Energy Charter Treaty: Yes (ratification/accession: 10 March 1996). 

 

Last updated February 2019