Global Practice Guide: International Arbitration 2020
Publication: Chambers and Partners
The Romania Chapter (Law & Practice, Trends & Developments) covers important trends and developments related to the practice of arbitration in Romania and offers insight on how the Romanian arbitration community has adapted to the limitations imposed by the COVID-19 pandemic.
Against the backdrop of the challenging effects of the COVID-19 pandemic, Romania’s arbitral institutions and actors have managed to adapt rapidly, avoiding significant disruption to ongoing arbitration cases, and allowing the country to remain one of the most dynamic markets when it comes to international arbitration disputes.
While the true scale of the COVID-19 pandemic remains to be seen, it is already apparent that it will fundamentally alter, among other things, economic orders, and the way in which international commerce operates. International arbitration has necessarily been affected by that sea change. But that change has been largely positive.
All actors were actively involved in tackling any possible procedural and administrative disruptions in a common effort to ensure efficient and fair arbitral proceedings, which has even led in some cases to parties choosing arbitration over litigation to avoid the disruptions caused by the pandemic to the judiciary system (the state of emergency leading to a suspension of almost all pending litigation).
The Chambers Global Practice Guide to International Arbitration 2020 features 47 jurisdictions and provides expert legal commentary on tribunals, preliminary and interim relief, collection and submission of evidence, confidentiality, types of remedies, class actions, the New York Convention, and grounds for appeal and enforcement. The Romania Chapter (Law & Practice, Trends & Developments) contributed by lawyers Alina Tugearu and Cosmin Vasile covers important trends and developments related to the practice of arbitration in Romania, dwelling on topics like governing legislation, the arbitration agreement, the arbitral tribunal, jurisdiction, procedure, evidence, enforcement of awards and many more relevant insights on both domestic and international procedures. Moreover, it offers insight on how the Romanian arbitration community has adapted to the limitations imposed by the COVID-19 pandemic, the guidelines that have been released in recent months on the use of technology and the conduct of arbitral proceedings in a remote environment, and other notable developments in the domestic and international arbitration sphere.
This is an extract from The Global Practice Guide to International Arbitration. The whole publication is available here.