Trends of Efficiency in the Light of the New Romanian Rules of Arbitration Procedure Cover Image

Tendințe de eficientizare în lumina noilor Reguli române de procedură arbitrală
Trends of Efficiency in the Light of the New Romanian Rules of Arbitration Procedure

Author(s): Cristina Florescu
Subject(s): Civil Law
Published by: Universul Juridic
Keywords: arbitration; new arbitral procedural Rules, efficiency tools
Summary/Abstract: Arbitration is the preferred method of settling disputes for the majority of professionals in the field of commerce, for whom celerity and resolving their dispute in flexible, confidential conditions and by specialists chosen by them constitute a priority. Even though the arbitration increased with the support of the courts and the state, however, over time it became more autonomous and thus developed its own procedural rules. The Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania has adopted new Arbitration Rules developed from good practices and international rules in the field. The paper presents the methods of efficiency proposed by the New Rules to be applied by arbitrators assigned with intensified powers and with an increasingly active role to control case management. The rules, and especially the efficiency tools, are designed to correct the parties' attitudes and to respond to their needs and the latest trends in order to make the procedure more efficient and to ensure the most favourable climate for optimal resolution of disputes in high professional conditions

  • Page Range: 121-126
  • Page Count: 6
  • Publication Year: 2018
  • Language: Romanian