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New regulations and rules in arbitration

New Rules of Arbitration (“Reguli de procedura arbitrala”) of the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania were published on January 23, 2012.

Among the important amendments is that concerning the procedure for appointing the arbitrators: the parties are no longer allowed to nominate arbitrators, this being under the sole control of the Appointing Authority functioning within the Court. The Appointing Authority is designated by the Leading Office of the National Chamber of Romania from the members of the Court’s Plenum for a 7-years seat. The Appointing Authority is also the one deciding upon the list of presiding arbitrator (the chairmen of the tribunal) from the list of all arbitrators and after consulting the Chairman of the Court.

As well, there were amended the Norms regarding the arbitration tax and costs (“Normele privind taxele şi cheltuielile arbitrale”), the Regulation for the organization and functioning of the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania (“Regulamentul privind organizarea şi funcţionarea Curţii de Arbitraj Comercial Internaţional de pe lângă Camera de Comerţ şi Industrie a României”) and the Regulation of the College of the Court of International Commercial Arbitration (“Regulamentul Colegiului Curţii de Arbitraj Comercial Internaţional”).

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