New Arbitration Rules of the Bucharest Court of International Commercial Arbitration | Practical Law

New Arbitration Rules of the Bucharest Court of International Commercial Arbitration | Practical Law

This article examines the CICA Rules, a new set of arbitration rules introduced on 4 June 2014 in the Bucharest Court of International Commercial Arbitration. The CICA Rules replace the previously unpopular Rules that applied between February 2012 and the beginning of June 2014, and represent a positive step forward for arbitrations conducted in Romania by allowing for:

New Arbitration Rules of the Bucharest Court of International Commercial Arbitration

by Cosmin Vasile and Violeta Saranciuc, Zamfirescu Racoti & Partners Attorneys at Law
Law stated as at 01 Dec 2014 • Romania
This article examines the CICA Rules, a new set of arbitration rules introduced on 4 June 2014 in the Bucharest Court of International Commercial Arbitration. The CICA Rules replace the previously unpopular Rules that applied between February 2012 and the beginning of June 2014, and represent a positive step forward for arbitrations conducted in Romania by allowing for:
·
Party-appointed arbitrators.
·
Application of other procedural rules other than the CICA Rules.
·
Revival of the concept of the tacit arbitration agreement.
·
Joinder of third parties to arbitration proceedings.
This article is part of the multi-jurisdictional guide to arbitration procedures and practice. For a full list of jurisdictional Q&As visit www.practicallaw.com/arbitration-guide.