CONSIDERATIONS ON THE INTERNATIONAL ARBITRATION. THE NEW REGULATION IN THE ROMANIAN LAW Cover Image

Consideraţii asupra arbitrajului internaţional. Noua reglementare în dreptul român
CONSIDERATIONS ON THE INTERNATIONAL ARBITRATION. THE NEW REGULATION IN THE ROMANIAN LAW

Author(s): Carmen Pălăcean
Subject(s): Commercial Law
Published by: Editura Hamangiu S.R.L.
Keywords: international arbitration; institutional arbitration; ad-hoc arbitration; arbitration dispute; arbitrator; parties’ agreement;

Summary/Abstract: Arbitration has represented a modality of solving the civil law disputes since Antiquity. Beginning with the 20th century, arbitration has become the preferred form for solving the disputes deriving from the international trade operations. The disputes are submitted to be solved, according to the parties’ agreement, to some arbitrators designated for certain cases or to some permanent institutions of arbitration, which have the duty to judge the dispute and to pronounce a decision, which the parties commit to execute. The insertion in a contract of the arbitration clause entitles the interested party, in case of dispute, to ask for its resolution by the means of arbitration, being excluded thus the competent courts.

  • Issue Year: II/2014
  • Issue No: II
  • Page Range: 609-621
  • Page Count: 13
  • Language: Romanian